According to documents disclosed by the Hong Kong Stock Exchange on April 9,$TENCENT (00700.HK)$,$HSBC HOLDINGS (00005.HK)$Wait for the shares to be repurchased.
① $TENCENT (00700.HK)$On April 8, 3.27 million common shares were repurchased, involving an amount of HK$1.03 billion. The repurchase price for each share ranged from HK$310.4 to HK$304.6.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 199 million shares, accounting for 2.077% of the number of shares issued when the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$4.7 million common shares were repurchased on April 5, involving an amount of HK$295 million. The repurchase price per share ranged from HK$62.95 to HK$62.55.
③ $ASYMCHEM (06821.HK)$On April 8, 369,400 A-shares were repurchased, involving an amount of $29.993 million. The repurchase price for each share ranged from $81.59 to $80.9.
④ $HSBC HOLDINGS (00005.HK)$On April 5, 3.9663 million common shares were repurchased, involving an amount of £25.319,900, and the repurchase price per share ranged from £6.42 to £6.34.
⑤ $SWIRE PACIFIC A (00019.HK)$312,500 common shares were repurchased on April 8, involving an amount of HK$20.088 million. The repurchase price for each share ranged from HK$65 to HK$63.75.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 16.652,500 shares, accounting for 1.944% of the number of shares issued when the ordinary resolution was passed.
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.