HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has recently executed a share buy-back, purchasing and cancelling millions of its own shares, across both UK and Hong Kong markets. The company’s latest buy-back move, which commenced in February, has seen a total expenditure of around US$1.98 billion. Following the cancellations, HSBC’s outstanding ordinary shares have been reduced, impacting shareholders’ notification thresholds.
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