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HSBC Holdings ( (GB:HSBA) ) just unveiled an announcement.
HSBC Holdings plc announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated on 6 May 2025. This transaction, involving over 1.2 million shares purchased from Morgan Stanley & Co. International plc across UK and Hong Kong exchanges, reflects HSBC’s strategic move to enhance shareholder value. The buy-back program has so far seen the repurchase of over 205 million shares, amounting to approximately US$2.4 billion, indicating a robust financial strategy aimed at optimizing capital structure and potentially increasing earnings per share.
More about HSBC Holdings
HSBC Holdings plc is a major global banking and financial services organization, headquartered in London, United Kingdom. It offers a range of services including personal, commercial, and investment banking, as well as wealth management. HSBC operates in various markets worldwide, with a significant presence in Asia, Europe, and North America.
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