According to the disclosure document of hkex on July 5th,$TENCENT (00700.HK)$, $MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$It repurchased 2.62 million ordinary shares on July 4th, involving an amount of HKD 1.002 billion, with a repurchase price per share ranging from HKD 386.8 to HKD 378.8.
Cumulatively, the number of repurchased shares since the repurchase authorization resolution was passed is 85.83 million shares, accounting for 0.911% of the total issued shares as of the time of passing the ordinary resolution.
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 4.1739 million weighted voting right stocks on July 4th, involving an amount of HKD 0.5 billion, with a repurchase price per share ranging from HKD 119.9 to HKD 118.9.
Cumulatively, the number of repurchased shares since the repurchase authorization resolution was passed is 48.0496 million shares, accounting for 0.771% of the total issued shares as of the time of passing the ordinary resolution.
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 3.236 million ordinary shares on July 3rd, involving an amount of HKD 0.222 billion, with a repurchase price per share ranging from HKD 68.8 to HKD 68.2.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$It repurchased 2.179 million ordinary shares on July 4th, involving an amount of HKD 0.115 billion, with a repurchase price per share ranging from HKD 54 to HKD 52.55.
Cumulatively, the number of repurchased shares since the repurchase authorization resolution was passed is 96.6736 million shares, accounting for 0.86% of the total issued shares as of the time of passing the ordinary resolution.
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 3 million weighted voting right stocks on July 4th, involving an amount of HKD 50.6133 million, with a repurchase price per share ranging from HKD 16.9 to HKD 16.8.
Cumulatively, the number of repurchased shares since the repurchase authorization resolution was passed is 39.9138 million shares, accounting for 0.16% of the total issued shares as of the time of passing the ordinary resolution.
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.