HSBC Holdings (HKG:0005) bought back about 7.4 million shares in the UK and Hong Kong on Tuesday, according to a Wednesday filing with the Hong Kong Stock Exchange.
The British lender repurchased 3,584,052 shares in the UK at a weighted average price of 7.18 pounds sterling and 3,752,800 shares in Hong Kong at a weighted average price of HK$72.22.
Since the program started, HSBC has repurchased 27,749,745 shares for a total consideration of about $257 million.
Upon cancellation of the repurchased shares in the UK, the bank will have 18,126,921,607 ordinary shares.
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