Summary by Futu AI
On 27 November 2024, AIA completed the repurchase of 7,761,000 shares for a total value of approximately HK$0.447 billion. The share repurchase is intended to be written off and the repurchase price ranges from HK$56.9 to HK$58.25 per share. The repurchase is pursuant to a repurchase authorization passed on May 24, 2024, which authorizes the repurchase of up to 1,123,506,576 shares.During the period from 1 November to 27 November, AIA Insurance made several share repurchases with a total repurchase volume of millions of shares, with repurchase prices ranging from HK$56.9 to HK$62.6 per share. The repurchase ratio of these shares represents 0.009% to 0.0711% of the issued shares.AIA's share repurchase activity complies with the relevant provisions of the HKEx and has been reported to the exchange. In the next 30 days, the Company will suspend the issuance of new shares or the sale of stock shares until December 27, 2024.