HSBC Holdings Announces Major Share Buy-Back Initiative

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

HSBC Holdings has announced a significant buy-back of its ordinary shares, acquiring over 9 million shares on the London and Hong Kong stock exchanges combined, as part of its ongoing repurchase program. The buy-back, which began on October 30, 2024, has seen the company purchase more than 206 million shares, totaling approximately US$1.913 billion. This move is expected to impact the company’s share capital and voting rights, reflecting its strategic focus on enhancing shareholder value.

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