According to the document disclosed by HKEX on July 2nd,$TENCENT (00700.HK)$, $HSBC HOLDINGS (00005.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$It repurchased 2.68 million shares of common stock on June 28th, involving an amount of HKD 1.001 billion, with a repurchase price per share ranging from HKD 375.6 to HKD 371.
Since the repurchase authorization resolution, the cumulative number of securities repurchased is 77.83 million shares, accounting for 0.826% 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.$HSBC HOLDINGS (00005.HK)$It repurchased 3.4952 million shares of common stock on June 27th, involving an amount of HKD 237 million, with a repurchase price per share ranging from HKD 68.3 to HKD 67.6.
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 3.25 million shares of common stock on June 28th, involving an amount of HKD 223 million, with a repurchase price per share ranging from HKD 68.7 to HKD 68.15.
Asymchem Laboratories (06821.HK)$XIAOMI-W (01810.HK)$It repurchased 9 million shares of weighted voting right stocks on June 28th, involving an amount of HKD 149 million, with a repurchase price per share ranging from HKD 16.62 to HKD 16.44.
Since the repurchase authorization resolution, the cumulative number of securities repurchased is 30.9138 million shares, accounting for 0.12% 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.$AIA (01299.HK)$It repurchased 1.33 million shares of common stock on June 28th, involving an amount of HKD 70.7045 million, with a repurchase price per share ranging from HKD 53.6 to HKD 52.85.
Since the repurchase authorization resolution, the cumulative number of securities repurchased is 90.1166 million shares, accounting for 0.802% 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.