HSBC Holdings Advances with Share Buy-Back Strategy

HSBC Holdings (GB:HSBA) has released an update.

HSBC Holdings has recently repurchased 7.6 million of its own shares in a buy-back program, with transactions occurring on both the London and Hong Kong exchanges. This strategic move, which began on October 30, 2024, involves a total consideration of approximately $1,227.2 million, aiming to optimize the company’s capital structure. The buy-back will result in a reduction of HSBC’s issued ordinary share capital, impacting the voting rights of its shareholders.

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