According to the disclosure file of hkex on July 4th,$TENCENT (00700.HK)$, $MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$On July 3rd, it repurchased 2.67 million shares of common stock, involving a total amount of HK$1.001 billion, with a repurchase price per share ranging from HK$380 to HK$366.8.
Since the repurchase authorization resolution was passed, the cumulative number of repurchased securities is 83.21 million shares, accounting for 0.883% of the number of issued shares when the ordinary resolution was passed.
Repurchased 3.394 million ordinary shares on May 31, involving an amount of HKD234 million, with a repurchase price per share ranging from HKD69.1 to HKD68.55.$MEITUAN-W (03690.HK)$On July 3rd, it repurchased 4.3323 million shares of weighted voting right stocks, involving a total amount of HK$500 million, with a repurchase price per share ranging from HK$117.2 to HK$112.6.
Since the repurchase authorization resolution was passed, the cumulative number of repurchased securities is 43.8757 million shares, accounting for 0.704% of the number of issued shares when the ordinary resolution was passed.
Repurchased 1 million ordinary shares on June 3, involving an amount of HKD60.6193 million, with a repurchase price per share ranging from HKD61.15 to HKD59.8.$HSBC HOLDINGS (00005.HK)$On July 2nd, it repurchased 3.25 million shares of common stock, involving a total amount of HK$222 million, with a repurchase price per share ranging from HK$68.65 to HK$68.05.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$On July 3rd, it repurchased 1.048 million shares of common stock, involving a total amount of HK$55.596 million, with a repurchase price per share ranging from HK$54 to HK$52.6.
Since the repurchase authorization resolution was passed, the cumulative number of repurchased securities is 94.4946 million shares, accounting for 0.841% of the number of issued shares when the ordinary resolution was passed.
Repurchased 2.8 million weighted voting right shares on June 3, involving an amount of HKD50.0474 million, with a repurchase price per share ranging from HKD17.94 to HKD17.82.$XIAOMI-W (01810.HK)$On July 3rd, it repurchased 3 million shares of weighted voting right stocks, involving a total amount of HK$508.939 million, with a repurchase price per share ranging from HK$17 to HK$16.92.
Since the repurchase authorization resolution was passed, the cumulative number of repurchased securities is 36.9138 million shares, accounting for 0.15% 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.