News

Financial Services

Staff Reporter

, Hong Kong

Published:

7 months ago

107 views

Photo by orderinchaos via Wikimedia Commons. Apart from cropping the photo, no other edits were made. Source: https://commons.wikimedia.org/wiki/File:Hang_Seng_bank_sign_from_Des_Voeux_2011.jpg

Hang Seng Bank announced HK$3b share buyback programme

Independent broker Merril Lynch will execute all buybacks.

Hang Seng Bank (HSB) is buying back HK$3b of its shares from the Hong Kong stock exchange.

In a press release, HSB announced that it has has entered into an agreement with the broker Merril Lynch International for the the Automatic Share Buy-back Programme, which will run between 10 April to 9 September 2024.

HSB said that it will comply with the listing rules, the codes on takeovers and mergers and share buybacks (the “Takeovers Code”), the companies ordinance, the SFO and all other applicable laws and regulations for the buy-back of shares.

ALSO READ: DBS Hong Kong announces HK$350m green loan with Kwoon Chung Bus

HSB reminded shareholders and potential investors that any share buy-back under the programme will be subject to prevailing market conditions and the broker's sole discretion within the predetermined parameters of the programme.

Follow the link for more news on

Hang Seng Bank

Also Read

HKPC to offer two subsidy measures to strengthen industrialisation

Mortgage loans up 9.5% to $19b in October

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit