According to the disclosure documents of hkex on June 20,$TENCENT (00700.HK)$, $MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$On June 19, it repurchased 2.6 million shares of common stock, involving an amount of HKD 1.003 billion, with a repurchase price ranging from HKD 391 to HKD 378.4 per share.
Since the repurchase authorization resolution, the cumulative number of securities repurchased is 59.35 million shares, accounting for 0.63% of the number of issued shares when the ordinary resolution was passed.
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 19, it repurchased 2.3383 million shares of common stock, involving an amount of HKD 273 million, with a repurchase price ranging from HKD 119.8 to HKD 115 per share.
Since the repurchase authorization resolution, the cumulative number of securities repurchased is 10.9527 million shares, accounting for 0.176% of the number of issued shares when the ordinary resolution was passed.
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 18, it repurchased 3.466 million shares of common stock, involving an amount of HKD 235 million, with a repurchase price ranging from HKD 68.25 to HKD 67.55 per share.
Asymchem Laboratories (06821.HK)$HANG SENG BANK (00011.HK)$On June 19, it repurchased 200,000 shares of common stock, involving an amount of HKD 21.5134 million, with a repurchase price ranging from HKD 108.2 to HKD 106.8 per share.
Since the repurchase authorization resolution, the cumulative number of securities repurchased is 8.5207 million shares, accounting for 0.446% of the number of issued shares when the ordinary resolution was passed.
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.$ANDRE JUICE (02218.HK)$On June 19, it repurchased 1.9615 million H shares, involving an amount of HKD 19.3795 million, with a repurchase price ranging from HKD 9.88 to HKD 9.86 per share.
Since the repurchase authorization resolution, the cumulative number of securities repurchased is 2.331 million shares, accounting for 0.668% of the number of issued shares when the ordinary resolution was passed.
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.