According to the disclosure document released by hkex on July 8th,$TENCENT (00700.HK)$, $MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$It repurchased 2.63 million ordinary shares on July 5th, involving an amount of HKD 1.003 billion, with a repurchase price per share ranging from HKD 385.6 to HKD 379.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 88.46 million shares, accounting for 0.939% 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.$MEITUAN-W (03690.HK)$It repurchased 4.1932 million weighted voting right stocks on July 5th, involving an amount of HKD 0.5 billion, with a repurchase price per share ranging from HKD 120 to HKD 117.7.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 52.2428 million shares, accounting for 0.838% 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.$AIA (01299.HK)$It repurchased 7.9016 million ordinary shares on July 5th, involving an amount of HKD 0.412 billion, with a repurchase price per share ranging from HKD 52.75 to HKD 51.7.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.105 billion shares, accounting for 0.931% of the number of issued shares when the ordinary resolution was passed.
Asymchem Laboratories (06821.HK)$HSBC HOLDINGS (00005.HK)$It repurchased 3.2472 million ordinary shares on July 4th, involving an amount of HKD 0.223 billion, with a repurchase price per share ranging from HKD 69.25 to HKD 68.25.
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 5th, involving an amount of HKD 49.9471 million, with a repurchase price per share ranging from HKD 16.68 to HKD 16.62.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 42.9138 million shares, accounting for 0.17% 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.