HSBC Buys Back Over 2.9 Million Shares From Merrill Lynch

MT Newswires Live

09/12

HSBC (HKG:0005) bought back for cancellation over 2.9 million shares from Merrill Lynch International, according to a Hong Kong bourse filing Friday.

The bank bought 2,219,398 shares from UK avenues, which include the London Stock Exchange, Aquis Exchange, and Cboe Europe, at a volume weighted average price of 10.04 pounds sterling each.

HSBC also repurchased a further 746,000 shares from the Hong Kong Stock Exchange at a volume weighted average price of HK$104.92 apiece.

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