Hsbc Holdings Plc (UK) (GB:HSBA) has released an update.
HSBC Holdings plc has successfully completed a share buy-back program, repurchasing and cancelling over 127 million shares in both the UK and Hong Kong markets for a total cost of around US$2 billion. The final buy-back was executed with the assistance of Merrill Lynch International, resulting in a reduced issued share capital to 18,877,015,995 ordinary shares. This strategic move is expected to potentially influence shareholder value and market positioning.
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