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HSBC Holdings ( (GB:HSBA) ) has provided an update.
HSBC Holdings plc has announced the repurchase and cancellation of its ordinary shares as part of a buy-back program initiated on 6 May 2025. The recent transactions involved purchasing shares on both the London and Hong Kong stock exchanges, with a total of 197,951,876 shares repurchased for approximately US$2,310.1 million. This strategic move aims to optimize the company’s capital structure and potentially enhance shareholder value, reflecting HSBC’s commitment to efficient capital management.
More about HSBC Holdings
HSBC Holdings plc is a leading global financial services company, primarily involved in banking and financial services. It operates across various markets, focusing on providing a wide range of financial products and services to individuals, businesses, and institutions worldwide.
For an in-depth examination of HSBA stock, go to TipRanks’ Overview page.