According to documents disclosed by the Hong Kong Stock Exchange on May 24,$TENCENT (00700.HK)$,$HSBC HOLDINGS (00005.HK)$Wait for the shares to be repurchased.
① $TENCENT (00700.HK)$2.63 million common shares were repurchased on May 23, involving an amount of HK$1,003 billion. The repurchase price for each share ranged from HK$383.8 to HK$376.4.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 11.44 million shares, accounting for 0.121% of the number of shares issued when the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$3.496,800 common shares were repurchased on May 22, involving an amount of HK$243 million. The repurchase price for each share ranged from HK$69.5 to HK$69.05.
③ $HANG SENG BANK (00011.HK)$300,000 common shares were repurchased on May 23, involving an amount of HK$33.8563 million, with a repurchase price of HK$114.9 to HK$111.7 per share.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 3.3 million shares, accounting for 0.173% of the number of shares issued when the ordinary resolution was passed.
④ $TECHTRONIC IND (00669.HK)$250,000 common shares were repurchased on May 23, involving an amount of HK$24.89,800. The repurchase price for each share ranged from HK$100.2 to HK$99.2.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 1 million shares, accounting for 0.055% of the number of shares issued when the ordinary resolution was passed.
⑤ $CHINASOFT INT'L (00354.HK)$Five million common shares were repurchased on May 23, involving an amount of HK$21.833,400, with a repurchase price of HK$4.39 to HK$4.33 per share.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 5 million shares, accounting for 0.18% 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.