According to documents disclosed by hkex on June 21,$TENCENT (00700.HK)$, $MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$It repurchased 2.58 million ordinary shares on June 20, involving an amount of HKD 1,002 million, with a repurchase price per share ranging from HKD 392 to 385.5.
Since the repurchase resolution was authorized, the cumulative number of repurchased securities is 61.93 million shares, accounting for 0.657% of the number of shares issued 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.$MEITUAN-W (03690.HK)$It repurchased 2.5063 million ordinary shares on June 20, involving an amount of HKD 300 million, with a repurchase price per share ranging from HKD 120 to 118.9.
Since the repurchase resolution was authorized, the cumulative number of repurchased securities is 13.459 million shares, accounting for 0.216% of the number of shares issued 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.$HSBC HOLDINGS (00005.HK)$It repurchased 3.5 million ordinary shares on June 19, involving an amount of HKD 240 million, with a repurchase price per share ranging from HKD 68.8 to 68.15.
Asymchem Laboratories (06821.HK)$KUAISHOU-W (01024.HK)$It repurchased 1.1856 million weighted voting right stocks on June 20, involving an amount of HKD 58,561.9 million, with a repurchase price per share ranging from HKD 50.25 to 48.85.
Since the repurchase resolution was authorized, the cumulative number of repurchased securities is 2.6953 million shares, accounting for 0.062% of the number of shares issued 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.$TECHTRONIC IND (00669.HK)$It repurchased 250 thousand ordinary shares on June 20, involving an amount of HKD 23,533.2 million, with a repurchase price per share ranging from HKD 94.55 to 93.7.
Since the repurchase resolution was authorized, the cumulative number of repurchased securities is 1.75 million shares, accounting for 0.095% of the number of shares issued 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.