HSBC Continues Share Buy-back, Cancels Millions

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

HSBC Holdings plc has announced the purchase and cancellation of over 7 million shares as part of its stock buy-back program initiated on August 1, 2024. The company bought shares at various prices on both UK and Hong Kong markets, with the repurchase totaling approximately $1.19 billion since the program’s start. This action will result in the reduction of the company’s issued share capital, further details of which will be announced post cancellation of the shares on the Hong Kong Stock Exchange.

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