According to documents disclosed by the Hong Kong Stock Exchange on May 23,$TENCENT (00700.HK)$,$HSBC HOLDINGS (00005.HK)$Wait for the shares to be repurchased.
① $TENCENT (00700.HK)$2.61 million common shares were repurchased on May 22, involving an amount of HK$1,001 billion. The repurchase price for each share ranged from HK$386.6 to HK$376.8.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 8.81 million shares, accounting for 0.094% of the number of shares issued when the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$On May 21, 2,447,200 common shares were repurchased, involving an amount of HK$168 million. The repurchase price for each share ranged from HK$68.95 to HK$68.3.
③ $HANG SENG BANK (00011.HK)$On May 22, 300,000 common shares were repurchased, involving an amount of HK$34.7847 million. The repurchase price for each share ranged from HK$117.2 to HK$114.5.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 3 million shares, accounting for 0.157% of the number of shares issued when the ordinary resolution was passed.
④ $HSBC HOLDINGS (00005.HK)$On May 21, 3.697 million common shares were repurchased, involving an amount of £25.668,400, with a repurchase price of £6.98 to £6.91 per share.
⑤ $TECHTRONIC IND (00669.HK)$250,000 common shares were repurchased on May 22, involving an amount of HK$25.4421 million. The repurchase price for each share ranged from HK$102.6 to HK$101.4.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 750,000 shares, accounting for 0.041% 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.