Summary by Moomoo AI
HSBC HOLDINGS LIMITED (“HSBC”) ANNOUNCED ON MAY 7, 2024 THAT IT WILL LAUNCH A REPURCHASE PROGRAM OF UP TO USD 30 BILLION IN ORDINARY SHARES AIMED AT REDUCING THE NUMBER OF ORDINARY SHARES ISSUED BY THE COMPANY. The repurchase plan is based on an April 30 announcement and is already with Morgan Stanley & Co. International plc (“Morgan Stanley”) has entered into a number of irrevocable non-sovereign mandate repurchase agreements. Morgan Stanley will purchase HSBC's ordinary shares from 8 May to 26 July 2024 and sell the shares back to HSBC. The transaction will take place at UK locations such as the London Stock Exchange, Aquis Exchange, Cboe Europe Limited and Turquoise, as well as the Hong Kong Stock Exchange Limited. The repurchase will comply with...Show More