HSBC Holdings (GB:HSBA) has released an update.
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HSBC Holdings has repurchased a total of 186,262,567 ordinary shares worth approximately $1,715.4 million as part of its ongoing buy-back initiative. The recent transactions include buying back shares on both the London and Hong Kong stock exchanges, with share prices varying between £7.5810 and £7.6420 in London, and HK$74.6000 and HK$75.1500 in Hong Kong. This move is part of HSBC’s strategy to consolidate its share capital, with the current issuance now standing at 17,963,461,985 ordinary shares.
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