HSBC Holdings Advances Share Buyback Strategy

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

HSBC Holdings has repurchased over 172 million of its ordinary shares for approximately $1.58 billion as part of its ongoing buy-back program. The shares were bought on both the London and Hong Kong stock exchanges, with cancellation processes varying between the two. This strategic move aims to streamline the company’s capital structure and potentially enhance shareholder value.

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