HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has made a significant move in the financial market by purchasing and cancelling millions of its ordinary shares, with the transactions taking place across both UK and Hong Kong venues. The company’s latest buy-back involved over 2.9 million shares in the UK and over 3.2 million in Hong Kong, costing a total of approximately US$ 1.77 billion since the program began in February. This strategic action will alter the company’s issued share capital, directly impacting shareholder voting rights.
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