According to documents disclosed by the Hong Kong Stock Exchange on September 10,$TENCENT (00700.HK)$,$MEITUAN-W (03690.HK)$Wait for the shares to be repurchased.
① $TENCENT (00700.HK)$2.72 million common shares were repurchased on September 9, involving an amount of HK$1.003 billion. The repurchase price for each share ranged from HK$371.2 to HK$365.4.
Since the repurchase authorization resolution, the cumulative number of repurchased securities was 0.144 billion shares, accounting for 1.531% of the number of shares issued when the ordinary resolution was passed.
② $MEITUAN-W (03690.HK)$4.2195 million shares of the same shares were repurchased on September 9, involving an amount of HK$0.5 billion. The repurchase price for each share ranged from HK$120 to HK$117.4.
Since the repurchase authorization resolution, the cumulative number of repurchased securities was 0.129 billion shares, accounting for 2.066% of the number of shares issued when the ordinary resolution was passed.
③ $CNOOC (00883.HK)$5.224 million common shares were repurchased on September 9, involving an amount of HK$99.2998 million. The repurchase price per share ranged from HK$19.08 to HK$18.84.
Since the repurchase authorization resolution, the cumulative number of repurchased securities was 31.463 million shares, accounting for 0.066% of the number of shares issued when the ordinary resolution was passed.
④ $AIA (01299.HK)$On September 9, 1.13 million common shares were repurchased, involving an amount of HK$61.2336 million. The repurchase price for each share ranged from HK$54.9 to HK$53.85.
Since the repurchase authorization resolution, the cumulative number of repurchased securities was 0.278 billion shares, accounting for 2.477% of the number of shares issued when the ordinary resolution was passed.
⑤ $BABA-W (09988.HK)$5.8784 million common shares were repurchased on September 6, involving an amount of $59.9788 million. The repurchase price per share ranged from $10.32 to $10.15.
Since the repurchase authorization resolution, the cumulative number of repurchased securities was 58.5362 million shares, accounting for 0.3% of the number of shares issued when the ordinary resolution was passed.
See the chart below for details on share repurchases of listed companies:
What is a stock buyback?
Stock repurchase refers to the act of a listed company using cash or the like to buy back a certain amount of shares issued by the company from the stock market. The company can cancel the repurchased shares after the share repurchase is completed. This will reduce the number of shares in circulation of enterprises, thereby achieving positive effects such as market value management, equity incentives, and stabilizing stock prices.