HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings plc has announced the purchase of 2.5 million of its own ordinary shares for cancellation, a move that signals confidence in the company’s financial health. The shares, bought from Morgan Stanley at prices ranging from HK$66.40 to HK$67.05, contribute to a total buy-back program amounting to approximately US$2.96 billion since May 7, 2024. This action is expected to potentially increase the value of remaining shares and reflects the company’s commitment to shareholder returns.
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