According to hkex's filing on June 28, $TENCENT (00700.HK)$, $MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$It repurchased 2.67 million shares of ordinary stock on June 27, involving an amount of HKD 1.004 billion, with each share repurchased at a price ranging from HKD 380 to HKD 372.4.
Since the repurchase authorization resolution, a total of 75.15 million shares have been repurchased, accounting for 0.798% 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 4.3777 million weighted voting right stocks on June 27, involving an amount of HKD 500 million, with each share repurchased at a price ranging from HKD 116.6 to HKD 112.6.
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.$HSBC HOLDINGS (00005.HK)$It repurchased 3.4956 million shares of ordinary stock on June 26, involving an amount of HKD 239 million, with each share repurchased at a price ranging from HKD 68.7 to HKD 68.2.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$It repurchased 3.7162 million shares of ordinary stock on June 27, involving an amount of HKD 198 million, with each share repurchased at a price ranging from HKD 53.9 to HKD 52.85.
Since the repurchase authorization resolution, a total of 88.7866 million shares have been repurchased, accounting for 0.79% 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.$XIAOMI-W (01810.HK)$It repurchased 5.8 million weighted voting right stocks on June 27, involving an amount of HKD 96.0909 million, with each share repurchased at a price ranging from HKD 16.64 to HKD 16.5.
Since the repurchase authorization resolution, a total of 21.9138 million shares have been repurchased, accounting for 0.09% 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.