Summary by Futu AI
Tencent Holdings Limited submitted a disclosure report on November 15, 2024, disclosing changes in its shareholdings. The report shows that on October 31, 2024, Tencent had 9,267,359,712 issued shares, with no treasury shares. As of November 15, 2024, the number of issued shares remained unchanged, but the company conducted a share buyback, repurchasing 1,750,000 shares, accounting for 0.01888% of the issued shares, at a buyback price ranging from HKD 399.2 to HKD 406.8, with a total payment of HKD 703,932,250. The shares will be proposed for cancellation. Tencent confirmed that the share buyback was authorized by the board of directors and complied with relevant listing rules and legal regulations. In addition, the company received authorization for share buybacks on May 14, 2024, and has repurchased a total of 179,528,500 shares since the authorization date, accounting for 1.90593% of the issued shares on that date. Following the buyback, the company will enter a suspension period for share issuance or the transfer of treasury shares until December 15, 2024.
