According to documents disclosed by the Hong Kong Stock Exchange on May 27,$TENCENT (00700.HK)$,$HSBC HOLDINGS (00005.HK)$Wait for the shares to be repurchased.
① $TENCENT (00700.HK)$2.66 million common shares were repurchased on May 24, involving an amount of HK$1,004 billion. The repurchase price for each share ranged from HK$382.6 to HK$374.8.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 14.1 million shares, accounting for 0.15% of the number of shares issued when the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$2.654,800 common shares were repurchased on May 23, involving an amount of HK$183 million. The repurchase price for each share ranged from HK$69.25 to HK$68.75.
③ $KUAISHOU-W (01024.HK)$On May 24, 7331,300 shares of the same share were repurchased, involving an amount of HK$41.497 million. The repurchase price for each share ranged from HK$57.95 to HK$56.05.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 60.4875 million shares, accounting for 1.395% of the number of shares issued when the ordinary resolution was passed.
④ $ASYMCHEM (06821.HK)$494,300 A-shares were repurchased on May 24, involving an amount of $38.224,400. The repurchase price for each share ranged from $77.58 to $76.94.
⑤ $HANG SENG BANK (00011.HK)$On May 24, 300,000 common shares were repurchased, involving an amount of HK$33.0943 million. The repurchase price for each share ranged from HK$112 to HK$109.3.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 3.6 million shares, accounting for 0.189% 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.