HSBC Holdings ( (GB:HSBA) ) has shared an announcement.
HSBC Holdings plc announced a recent transaction involving the buy-back of its ordinary shares, purchasing 2,034,800 shares from Morgan Stanley on the Hong Kong Stock Exchange as part of its ongoing buy-back program initiated in October 2024. Since the commencement of the buy-back, HSBC has repurchased over 310 million shares, reflecting a strategic move to manage its capital structure and potentially enhance shareholder value. The cancellation of these shares will impact voting rights and share calculations as per the Financial Conduct Authority’s regulations.
More about HSBC Holdings
HSBC Holdings plc is a leading global financial institution in the banking industry, offering a comprehensive range of financial services including retail banking, wealth management, commercial banking, and global banking and markets. The company has a strong market presence with listings on multiple stock exchanges, including the Hong Kong Stock Exchange.
YTD Price Performance: 8.75%
Average Trading Volume: 22,816,257
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £152.5B
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