② According to the documents disclosed by HKEX on July 15th,$TENCENT (00700.HK)$,$MEITUAN-W (03690.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$Repurchased 2.54 million ordinary shares on July 12, involving an amount of HKD 1.002 billion, with a repurchase price per share ranging from HKD 397 to HKD 389.4.
Since the repurchase authorization was passed, the cumulative number of repurchased shares is 0.102 billion shares, accounting for 1.078% of the number of shares issued at the time of the ordinary resolution being 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.$MEITUAN-W (03690.HK)$Repurchased 1.7292 million weighted voting right shares on July 12, involving an amount of HKD 0.206 billion, with a repurchase price per share ranging from HKD 120 to HKD 118.5.
Since the repurchase authorization was passed, the cumulative number of repurchased shares is 71.211 million shares, accounting for 1.142% of the number of shares issued at the time of the ordinary resolution being 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.$HSBC HOLDINGS (00005.HK)$Repurchased 2.7472 million ordinary shares on July 11, involving an amount of HKD 0.185 billion, with a repurchase price per share ranging from HKD 67.5 to HKD 66.9.
Asymchem Laboratories (06821.HK)$XIAOMI-W (01810.HK)$Repurchased 1.5 million weighted voting right shares on July 12, involving an amount of HKD 25.4 million, with a repurchase price per share ranging from HKD 16.94 to HKD 16.9.
Since the repurchase authorization was passed, the cumulative number of repurchased shares is 55.4138 million shares, accounting for 0.22% of the number of shares issued at the time of the ordinary resolution being 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.$HANG SENG BANK (00011.HK)$Repurchased 0.2 million ordinary shares on July 12, involving an amount of HKD 20.4614 million, with a repurchase price per share ranging from HKD 103.1 to HKD 100.6.
Since the repurchase authorization was passed, the cumulative number of repurchased shares is 11.7186 million shares, accounting for 0.614% of the number of shares issued at the time of the ordinary resolution being 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.