According to Hong Kong Exchanges and Clearing's disclosure documents on September 27th,$TENCENT (00700.HK)$、$CK ASSET (01113.HK)$Waiting for the repurchase of shares.
① $TENCENT (00700.HK)$1.25 million common shares were repurchased on 26 September, involving an amount of HK $353 million at a repurchase price ranging from HK $287.4 to HK $273.2 per share.
The cumulative number of securities repurchased so far this year (since the passing of the ordinary resolution) is 40.21 million shares, accounting for 0.418% of the number of shares in issue at the time of the passing of the ordinary resolution.
② $CK ASSET (01113.HK)$4.3745 million common shares were repurchased on 26 September, involving an amount of HK $212 million, with repurchase prices ranging from HK $51.05 to HK $47.25 per share.
The cumulative number of securities repurchased so far this year (since the passing of the ordinary resolution) is 30.4915 million shares, accounting for 0.837% of the number of shares issued at the time of the passing of the ordinary resolution.
③ $GREATWALL MOTOR (02333.HK)$20.446 million common shares were repurchased on 26 September, involving an amount of HK $205 million, with repurchase prices ranging from HK $10.18 to HK $9.86 per share.
The cumulative number of securities repurchased so far this year (since the passing of the ordinary resolution) is 156 million shares, accounting for 5.045% of the number of shares issued at the time of the passing of the ordinary resolution.
④ $CNOOC (00883.HK)$19.98 million common shares were repurchased on 26 September, involving an amount of HK $196 million at repurchase prices ranging from HK $9.98 to HK $9.56 per share.
The cumulative number of securities repurchased so far this year (since the passing of the ordinary resolution) is 44.829 million shares, accounting for 0.1 per cent of the number of shares issued at the time of the passing of the ordinary resolution.
⑤ $AIA (01299.HK)$2.6 million common shares were repurchased on 26 September, involving an amount of HK $178 million, with repurchase prices ranging from HK $69.25 to HK $67.95 per share.
The cumulative number of securities repurchased so far this year (since the passing of the ordinary resolution) is 140 million shares, accounting for 1.166% of the number of shares issued at the time of the passing of the ordinary resolution.
What is a stock buyback?
Stock buyback refers to the behavior that listed companies use cash and other means to buy back a certain amount of shares issued by the company from the stock market. The company may cancel the repurchased shares after the completion of the share repurchase. This will reduce the number of stocks outstanding, so as to achieve the positive role of market capitalization management, equity incentive and stock price stabilization.