HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings plc has announced a substantial share buy-back program, committing up to $3 billion to repurchase its own shares in a move aimed at reducing the number of outstanding ordinary shares. The buy-back will be executed via agreements with Morgan Stanley, with transactions occurring across multiple stock exchanges, including the London and Hong Kong Stock Exchanges. This strategic financial maneuver is designed to enhance shareholder value by consolidating equity and potentially boosting share prices.
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