② According to the documents disclosed by hkex on June 27th,$TENCENT (00700.HK)$, $MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$On June 26th, it repurchased 2.64 million ordinary shares with an involved amount of HKD 1.005 billion, and the repurchase price per share was between HKD 382.6 and HKD 377.2.
Since the repurchase authorization resolution, the accumulated number of repurchased securities is 72,480,000 shares, accounting for 0.769% 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 26th, it repurchased 4.2988 million weighted voting right stocks, involving an amount of HKD 500 million, and the repurchase price per share was between HKD 117.4 and HKD 114.5.
Since the repurchase authorization resolution, the accumulated number of repurchased securities is 30,688,400 shares, accounting for 0.492% 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 25th, it repurchased 3.5 million ordinary shares with an involved amount of HKD 239 million, and the repurchase price per share was between HKD 68.55 and HKD 68.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$On June 26th, it repurchased 3.305 million ordinary shares with an involved amount of HKD 181 million, and the repurchase price per share was between HKD 55.3 and HKD 54.3.
Since the repurchase authorization resolution, the accumulated number of repurchased securities is 85,070,400 shares, accounting for 0.757% 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.$CSPC PHARMA (01093.HK)$On June 26th, it repurchased 9.1 million ordinary shares with an involved amount of HKD 59.3538 million, and the repurchase price per share was between HKD 6.58 and HKD 6.37.
Since the repurchase authorization resolution, the accumulated number of repurchased securities is 36,350,000 shares, accounting for 0.31% 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.