HSBC Buys Back 499,200 Shares In Hong Kong, 10,000 In UK

HSBC Holdings bought back 499,200 shares in Hong Kong yesterday for cancellation at HK$164.8 to HK$166.9 each, with a weighted average price of HK$165.8736, according to ETNet. The repurchase cost about HK$82.8041 million. HSBC also repurchased 10,000 shares in the UK market yesterday at 15.518 to 15.74 pounds each, with a weighted average price of 15.6524 pounds, costing 156,500 pounds. Since announcing its buyback plan on August 5, HSBC has repurchased about 26.9138 million shares for a total consideration of about $555.1 million.