The latest update is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc has received a waiver from the Hong Kong Stock Exchange, allowing it to issue Contingent Convertible Securities (CCSs) beyond the usual 20% limit of its issued share capital. This waiver, which is subject to specific conditions, enables HSBC to seek a mandate to issue these securities, which convert into ordinary shares under certain conditions and benefit from favorable regulatory capital treatment. The move is designed to enhance HSBC’s capital flexibility and align with institutional guidelines, potentially impacting its capital structure and shareholder value.
More about HSBC Holdings
HSBC Holdings plc is a multinational banking and financial services organization headquartered in London, United Kingdom. It provides a wide range of financial products and services, including personal, commercial, and investment banking, wealth management, and insurance. HSBC operates globally, with a strong presence in both developed and emerging markets, focusing on connecting customers to opportunities and enabling businesses to thrive.
YTD Price Performance: 13.88%
Average Trading Volume: 26,956,932
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £158.9B
See more data about HSBA stock on TipRanks’ Stock Analysis page.
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