According to the documents disclosed by hkex on September 16th,$TENCENT (00700.HK)$,$MEITUAN-W (03690.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$bought back 2.67 million shares of common stocks on September 13, involving an amount of 1 billion Hong Kong dollars, with the repurchase price ranging from 376.6 Hong Kong dollars to 373.2 Hong Kong dollars per share.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.155 billion shares, accounting for 1.646% of the number of issued shares at the time 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 13, 4.0256 million weighted voting right stocks were repurchased, involving an amount of HKD 0.5 billion, with a repurchase price per share ranging from HKD 125.6 to HKD 122.8.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.145 billion shares, accounting for 2.331% of the number of issued shares at the time 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 12, 3.3828 million ordinary shares were repurchased, involving an amount of HKD 0.227 billion, with a repurchase price per share ranging from HKD 67.2 to HKD 66.3.
Asymchem Laboratories (06821.HK)$KUAISHOU-W (01024.HK)$On September 13, the company repurchased 2.065 million weighted voting right stocks, involving an amount of 79.4759 million Hong Kong dollars, with a repurchase price per share ranging from HKD 38.8 to HKD 38.15.
Since the authorization of the share buyback resolution, the total number of securities repurchased is 50.1465 million shares, accounting for 1.156% of the number of issued shares when the ordinary resolution was 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.$AIA (01299.HK)$On September 13, the company repurchased 1.125 million ordinary shares, involving an amount of 62.2335 million Hong Kong dollars, with a repurchase price per share ranging from HKD 55.85 to HKD 54.8.
Since the authorization of the share buyback resolution, the total number of securities repurchased is 0.295 billion shares, accounting for 2.628% of the number of issued shares when the ordinary resolution was 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.