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HSBC HOLDINGS to Launch Max. US$3B Shr Buyback from Tomorrow to 26 July
2024-05-07 17:35:02 HSBC HOLDINGS (00005.HK) will commence a share buyback of HSBC's ordinary shares of US$0.5 each for up to a maximum consideration of US$3 billion, according to HSBC HOLDINGS' announcement. The purpose of the buyback is to reduce HSBC's outstanding ordinary shares. HSBC has entered into irrevocable, non-discretionary buyback agreements with Morgan Stanley to enable the purchase of ordinary shares by Morgan Stanley during the period running from tomorrow (8th) and ending no later than 26 July, for an aggregate purchase price of up to US$3 billion and the simultaneous on-sale of such ordinary shares by Morgan Stanley to HSBC. ~ AAStocks Financial News Web Site: www.aastocks.com | |