According to documents disclosed by hkex on July 3,$TENCENT (00700.HK)$, $MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$they repurchased 2.71 million ordinary shares on July 2, involving HKD 1 billion. The repurchase price per share ranged from HKD 376.2 to HKD 365.2.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 80.54 million shares, accounting for 0.855% 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.$MEITUAN-W (03690.HK)$They repurchased 4.4773 million weighted voting right stocks on July 2, involving HKD 500 million. The repurchase price per share ranged from HKD 113.2 to HKD108.7.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 39.5434 million shares, accounting for 0.634% 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.$AIA (01299.HK)$They repurchased 3.33 million ordinary shares on July 2, involving HKD 175 million. The repurchase price per share ranged from HKD 53.9 to HKD 52.3.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 93.4466 million shares, accounting for 0.832% of the number of shares issued when the ordinary resolution was passed.
Asymchem Laboratories (06821.HK)$PAX GLOBAL (00327.HK)$They repurchased 9.75 million ordinary shares on July 2, involving HKD 53.0574 million. The repurchase price per share ranged from HKD 5.63 to HKD 4.5.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 10.01 million shares, accounting for 0.93% 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.$XIAOMI-W (01810.HK)$They repurchased 3 million weighted voting right stocks on July 2, involving HKD 497.924 million. The repurchase price per share ranged from HKD 16.66 to HKD 16.5.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 33.9138 million shares, accounting for 0.14% 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.