According to the disclosure documents released by hkex on August 30th,$TENCENT (00700.HK)$,$HSBC HOLDINGS (00005.HK)$And so on to repurchase shares.
Please use your Futubull account to access the feature.$TENCENT (00700.HK)$Repurchased 2.68 million ordinary shares on August 29th, involving an amount of 1.003 billion Hong Kong dollars, with a buyback price ranging from 378 Hong Kong dollars to 369.2 Hong Kong dollars per share.
Since the share buyback authorization resolution, the total number of repurchased securities is 0.128 billion shares, accounting for 1.361% 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.$HSBC HOLDINGS (00005.HK)$On August 28, 4.2088 million ordinary shares were repurchased, involving an amount of 0.288 billion Hong Kong dollars, with a repurchase price per share ranging from HK$68.5 to HK$68.1.
Repurchased 1 million ordinary shares on June 3, involving an amount of HKD60.6193 million, with a repurchase price per share ranging from HKD61.15 to HKD59.8.$BABA-W (09988.HK)$On August 28, 8.0136 million ordinary shares were repurchased, involving an amount of 79.9772 million US dollars, with a repurchase price per share ranging from $10.14 to $9.9.
Since the share buyback authorization resolution, the total number of repurchased securities is 23.5152 million shares, accounting for 0.12% of the number of issued shares at the time of the ordinary resolution.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$Repurchased 1.13 million shares of common stock on August 29, involving an amount of 62.4631 million Hong Kong dollars, with a repurchase price per share ranging from 55.8 Hong Kong dollars to 54.7 Hong Kong dollars.
Since the repurchase authorization resolution, the total number of securities repurchased is 0.272 billion shares, accounting for 2.417% of the number of shares issued at the time of the ordinary resolution.
Repurchased 2.8 million weighted voting right shares on June 3, involving an amount of HKD50.0474 million, with a repurchase price per share ranging from HKD17.94 to HKD17.82.$CSPC PHARMA (01093.HK)$Repurchased 10.35 million shares of common stock on 29th August, involving an amount of 49.6457 million Hong Kong dollars, with a repurchase price per share ranging from 4.85 Hong Kong dollars to 4.73 Hong Kong dollars.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 81.96 million shares, accounting for 0.689% of the number of shares issued 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.