② According to the disclosure documents of HKEX on September 13th,$TENCENT (00700.HK)$,$MEITUAN-W (03690.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$on September 12th, buy back 2.68 million ordinary shares, involving an amount of HKD 1.001 billion, with a buyback price per share ranging from HKD 376.6 to HKD 371.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.152 billion shares, accounting for 1.618% of the number of issued shares already issued when the ordinary resolution was 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.$MEITUAN-W (03690.HK)$On September 12, a total of 4.0607 million weighted voting right stocks were repurchased, with a total amount of 0.5 billion Hong Kong dollars, and the repurchase price per share ranged from 124.8 Hong Kong dollars to 120.5 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.141 billion shares, accounting for 2.266% of the number of issued shares already issued when the ordinary resolution was 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.$HSBC HOLDINGS (00005.HK)$On September 11, a total of 3.4076 million ordinary shares were repurchased, with a total amount of 0.225 billion Hong Kong dollars, and the repurchase price per share ranged from 66.75 Hong Kong dollars to 65.75 Hong Kong dollars.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$On September 12, the company repurchased 3.9916 million ordinary shares of common stock, involving an amount of 0.22 billion Hong Kong dollars, with a repurchase price per share ranging from 55.4 Hong Kong dollars to 54.3 Hong Kong dollars.
Since the authorization resolution for share buybacks, the cumulative number of repurchased securities is 0.294 billion shares, accounting for 2.618% 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.$BABA-W (09988.HK)$On September 11, the company repurchased 5.6904 million ordinary shares of common stock, involving an amount of 59.9841 million US dollars, with a repurchase price per share ranging from 10.6 US dollars to 10.44 US dollars.
Since the authorization resolution for share buybacks, the cumulative number of repurchased securities is 75.9042 million shares, accounting for 0.39% 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.
