According to the disclosure document by hkex on July 12th,$TENCENT (00700.HK)$,$MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$On July 11th, 2.61 million ordinary shares were repurchased for HKD 1 billion, with a repurchase price ranging from HKD 385.6 to HKD 378.4 per share.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 98.99 million shares, which accounts for 1.051% of the number of issued shares at the time of 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.$MEITUAN-W (03690.HK)$On July 11th, 4.3125 million weighted voting right stocks were repurchased for HKD 0.5 billion, with a repurchase price ranging from HKD 117.7 to HKD 115 per share.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 69.4818 million shares, which accounts for 1.114% of the number of issued shares at the time of 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.$HSBC HOLDINGS (00005.HK)$On July 10th, 2.7472 million ordinary shares were repurchased for HKD 0.183 billion, with a repurchase price ranging from HKD 67 to HKD 66.45 per share.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$On July 11th, 1.3 million ordinary shares were repurchased for HKD 70.0683 million, with a repurchase price ranging from HKD 54.3 to HKD 53 per share.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.124 billion shares, which accounts for 1.104% of the number of issued shares at the time of 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.$XIAOMI-W (01810.HK)$On July 11th, 1.5 million weighted voting right stocks were repurchased for HKD 25.058 million, with a repurchase price ranging from HKD 16.72 to HKD 16.68 per share.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 53.9138 million shares, which accounts for 0.22% of the number of issued shares at the time of 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.