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HSBC Holdings ( (GB:HSBA) ) has shared an announcement.
HSBC Holdings PLC announced the cancellation of 10,868,800 ordinary shares that were previously repurchased on the Hong Kong Stock Exchange. This reduction brings the company’s total number of voting shares to 17,824,985,413, impacting shareholder calculations under various financial regulations. The move is part of HSBC’s ongoing capital management strategy, which can influence its market positioning by potentially altering shareholder composition and voting rights.
More about HSBC Holdings
HSBC Holdings PLC is a multinational banking and financial services organization. It offers a wide range of services including personal, commercial, and investment banking, as well as wealth management and insurance. The company primarily operates across Europe, Asia, the Americas, and the Middle East, focusing on providing financial solutions tailored to both global and local markets.
YTD Price Performance: 12.22%
Average Trading Volume: 22,930,976
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £157.2B
Find detailed analytics on HSBA stock on TipRanks’ Stock Analysis page.
