HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has recently completed a share buy-back transaction, purchasing and cancelling millions of its own shares from Morgan Stanley. The buy-back, part of a previously announced initiative, has resulted in a reduction of the total number of ordinary shares, impacting shareholders’ calculations of their interest in the company. HSBC has spent approximately $177.7 million on the repurchase program since its announcement, signaling a strategic move to consolidate share value.
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