According to the documents disclosed by hkex on June 19th,$TENCENT (00700.HK)$, $MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$On June 18th, they repurchased 2.64 million shares of common stock, involving an amount of HK$1.003 billion, at a repurchase price between HK$383.6 and HK$377 per share.
Since the authorization resolution of share buyback, the total number of securities repurchased is 56.75 million shares, accounting for 0.602% of the issued shares at the time of the ordinary resolution pass.
Repurchased 3.394 million ordinary shares on May 31, involving an amount of HKD234 million, with a repurchase price per share ranging from HKD69.1 to HKD68.55.$MEITUAN-W (03690.HK)$On June 18th, they repurchased 4.3098 million shares of common stock, at a repurchase price between HK$118.8 and HK$114.6 per share, with the repurchase involving an amount of HKD 500 million.
Since the authorization resolution of share buyback, the total number of securities repurchased is 8.6144 million shares, accounting for 0.138% of the issued shares at the time of the ordinary resolution pass.
Repurchased 1 million ordinary shares on June 3, involving an amount of HKD60.6193 million, with a repurchase price per share ranging from HKD61.15 to HKD59.8.$HSBC HOLDINGS (00005.HK)$On June 17th, they repurchased 3.5 million shares of common stock, involving an amount of HK$237 million, with a repurchase price between HK$67.95 and HK$67.1 per share.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$On June 18th, they repurchased 3.7432 million shares of common stock, involving an amount of HKD206 million, at a repurchase price between HK$55.7 and HK$54.7 per share.
Since the authorization resolution of share buyback, the total number of securities repurchased is 73.9408 million shares, accounting for 0.658% of the issued shares at the time of the ordinary resolution pass.
Repurchased 2.8 million weighted voting right shares on June 3, involving an amount of HKD50.0474 million, with a repurchase price per share ranging from HKD17.94 to HKD17.82.$ASYMCHEM (06821.HK)$On June 18th, they repurchased 0.8829 million shares of A-share stock, involving an amount of RMB 63.683 million, at a repurchase price between RMB 72.52 and RMB 71.65 per share.
Details of share buybacks by listed companies can be found in the figure below:
What is share buyback?
Share buyback refers to a behavior of listed companies using cash to repurchase a certain amount of outstanding shares on the stock market. After the share buyback, the company can cancel the repurchased shares. This will reduce the number of outstanding shares in circulation, thus achieving positive effects such as market cap management, stock-based incentive, and stable stock price.