HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings PLC has actively continued its share buy-back program, purchasing a significant number of shares for cancellation on both the UK and Hong Kong stock exchanges. As of July 4, 2024, the company has bought back over 276 million shares for around $2.42 billion, resulting in a reduction of its issued ordinary share capital. This strategic move is part of HSBC’s ongoing effort to manage its capital effectively and is expected to impact shareholders’ calculations regarding their interest in the company.
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