According to documents disclosed by the Hong Kong Stock Exchange on May 2,$HANG SENG BANK (00011.HK)$,$SWIRE PACIFIC A (00019.HK)$Wait for the shares to be repurchased.
① $HANG SENG BANK (00011.HK)$540,000 common shares were repurchased on April 30, involving an amount of HK$56.2511 million. The repurchase price for each share ranged from HK$105 to HK$103.6.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 7.534 million shares, accounting for 0.394% of the number of shares issued when the ordinary resolution was passed.
② $SWIRE PACIFIC A (00019.HK)$198,000 common shares were repurchased on April 30, involving an amount of HK$13.146,300. The repurchase price for each share ranged from HK$66.7 to HK$65.45.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 20.96 million shares, accounting for 2.345% of the number of shares issued when the ordinary resolution was passed.
③ $STANCHART (02888.HK)$1,165,000 common shares were repurchased on April 30, involving an amount of £8.043,100. The repurchase price for each share ranged from £6.99 to £6.86.
④ $STANCHART (02888.HK)$1.166,000 common shares were repurchased on April 29, involving an amount of £7.968 million. The repurchase price for each share ranged from £6.91 to £6.78.
⑤ $JIANGXI COPPER (00358.HK)$299,900 A-shares were repurchased on April 30, involving an amount of $7.558 million, with a repurchase price of between $26 and $25.91 per share.
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.