HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings plc has announced the repurchase and cancellation of a significant number of its shares, signaling a buy-back strategy that has seen the company invest approximately $735.8 million since May 7, 2024. In the latest transaction, HSBC bought back over 7 million shares from various venues, with the intent to enhance shareholder value. Post-cancellation, the company’s issued share capital will be reduced, affecting the total number of voting rights available to shareholders.
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