Standard Chartered (HKG:2888) said it intends to begin a buyback of its shares worth up to $1.5 billion, according to a Tuesday Hong Kong bourse filing.
The lender will repurchase a maximum of 200 million shares from the London Stock Exchange, Cboe Europe, and/or any other UK recognized investment exchange agreed upon under the program.
The firm will bay back shares to reduce its share capital.
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