According to documents disclosed by the Hong Kong Stock Exchange on September 11,$TENCENT (00700.HK)$,$MEITUAN-W (03690.HK)$Wait for the shares to be repurchased.
① $TENCENT (00700.HK)$2.72 million common shares were repurchased on September 10, involving an amount of HK$1.003 billion. The repurchase price for each share ranged from HK$370.4 to HK$366.2.
Since the repurchase authorization resolution, the cumulative number of repurchased securities was 0.147 billion shares, accounting for 1.56% of the number of shares issued when the ordinary resolution was passed.
② $MEITUAN-W (03690.HK)$On September 10, 4.2071 million shares of the same shares were repurchased, involving an amount of HK$0.5 billion. The repurchase price for each share ranged from HK$119.7 to HK$117.
Since the repurchase authorization resolution, the cumulative number of repurchased securities was 0.133 billion shares, accounting for 2.134% of the number of shares issued when the ordinary resolution was passed.
③ $AIA (01299.HK)$The repurchase of 4 million common shares on September 10 involved an amount of HK$0.215 billion, with a repurchase price of HK$55.3 to HK$53.4 per share.
Since the repurchase authorization resolution, the cumulative number of repurchased securities was 0.282 billion shares, accounting for 2.512% of the number of shares issued when the ordinary resolution was passed.
④ $HSBC HOLDINGS (00005.HK)$2.8076 million common shares were repurchased on September 9, involving an amount of HK$0.187 billion. The repurchase price for each share ranged from HK$67 to HK$66.4.
⑤ $WUXI BIO (02269.HK)$The repurchase of 11 million common shares on September 10 involved an amount of HK$0.12 billion, with a repurchase price of HK$11.04 to HK$10.52 per share.
Since the repurchase authorization resolution, the cumulative number of repurchased securities was 27.34 million shares, accounting for 0.659% 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.