According to documents disclosed by the Hong Kong Stock Exchange on August 16,$HSBC HOLDINGS (00005.HK)$,$CK ASSET (01113.HK)$Wait for the shares to be repurchased.
① $HSBC HOLDINGS (00005.HK)$2.3 million common shares were repurchased on August 14, involving an amount of HK$142 million. The repurchase price of each share ranged from HK$62.2 to HK$61.55.
② $CK ASSET (01113.HK)$910,000 common shares were repurchased on August 15, involving an amount of HK$38.613,638. The repurchase price for each share ranged from HK$42.5 to HK$42.3.
The cumulative number of securities repurchased during the year so far (since the passage of the ordinary resolution) was 35.2935 million shares, accounting for 0.982% of the number of shares issued at the time the ordinary resolution was passed.
③ $HSBC HOLDINGS (00005.HK)$On August 14, 2.271,800 common shares were repurchased, involving an amount of £14.1288,800. The repurchase price of each share ranged from £6.28 to £6.18.
④ $STANCHART (02888.HK)$1,042,200 common shares were repurchased on August 14, involving an amount of £7.8516 million. The repurchase price of each share ranged from £7.58 to £7.46.
⑤ $YUM CHINA (09987.HK)$751,000 shares of common stock were repurchased on August 14, involving an amount of US$4.1291,000. The repurchase price of each share ranged from US$5537 to US$54.66.
See the chart below for details on share repurchases of listed companies:
What is a stock buyback?
Stock repurchase refers to the act of a listed company using cash or the like to repurchase a certain amount of shares issued by the company from the stock market. The company may cancel the repurchased shares after the stock repurchase is completed. This will reduce the number of stocks that are out of circulation by enterprises, thereby achieving positive effects such as market value management, equity incentives, and stabilizing stock prices.