According to the documents disclosed by hkex on June 25th,$TENCENT (00700.HK)$, $MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$On June 24th, they repurchased 2.66 million shares of common stock, involving an amount of HKD 1.004 billion, with a repurchase price ranging from HKD 381 to HKD 374.2 per share.
Since the authorization resolution for the repurchase, the total number of securities repurchased is 67.22 million shares, accounting for 0.714% of the total 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.$MEITUAN-W (03690.HK)$On June 24th, they repurchased 4.3787 million shares of common stock, involving an amount of HKD 500 million, with a repurchase price ranging from HKD 115.8 to HKD 112.4 per share.
Since the authorization resolution for the repurchase, the total number of securities repurchased is 22.1208 million shares, accounting for 0.355% of the total 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.$HSBC HOLDINGS (00005.HK)$On June 21st, they repurchased 3.5 million shares of common stock, involving an amount of HKD 239 million, with a repurchase price ranging from HKD 68.45 to HKD 67.95 per share.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$On June 24th, they repurchased 3.4122 million shares of common stock, involving an amount of HKD 189 million, with a repurchase price ranging from HKD 55.55 to HKD 54.7 per share.
Since the authorization resolution for the repurchase, the total number of securities repurchased is 78.9104 million shares, accounting for 0.702% of the total 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.$KUAISHOU-W (01024.HK)$On June 24th, they repurchased 1.212 million shares of weighted voting right stocks, involving an amount of HKD 56.944 million, with a repurchase price ranging from HKD 47.7 to HKD 46.45 per share.
Since the authorization resolution for the repurchase, the total number of securities repurchased is 4.5073 million shares, accounting for 0.104% of the total 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.