HSBC Holdings (00005.HK): reducing capital through cuts to increase distributable reserves.

Wisdom Financial App News: HSBC Holdings (00005.HK) announced that following approval by shareholders at the company's annual general meeting held on May 2, 2025, the High Court of England and Wales has confirmed the cancellation of the company's share premium account in the amount of $14.81 billion USD and capital redemption reserve account in the amount of $1.755 billion USD on June 24, 2025.