HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has actively continued its share buy-back program, purchasing a significant number of shares for cancellation on March 25, 2024, from both UK and Hong Kong venues. The buy-back, initiated on February 22, 2024, has so far led to the repurchase of over 133 million shares at a cost of around USD 1.02 billion. The cancellation of these shares is set to adjust the company’s total voting rights, which is crucial information for shareholders monitoring their stake in the company.
For further insights into HSBC stock, check out TipRanks’ Stock Analysis page.
