HSBC Buys Back Nearly 4.3 Million Shares From Morgan Stanley

MT Newswires Live
07-18

HSBC (HKG:0005) bought back for cancellation nearly 4.3 million shares from Morgan Stanley on Thursday, according to a Hong Kong bourse filing Friday.

The bank bought 2,507,150 shares from UK avenues, which include the London Stock Exchange, Aquis Exchange, and Cboe Europe, at a volume-weighted average price of 9.29 pounds sterling each.

HSBC also repurchased a further 1,792,000 shares from the Hong Kong Stock Exchange at a volume-weighted average price of HK$97.84 apiece.

The shares were repurchased as part of the company's buyback program.

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