According to the disclosure documents from the Hong Kong Stock Exchange on September 17th,$TENCENT (00700.HK)$,$MEITUAN-W (03690.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$On September 16th, they bought back 2.67 million ordinary shares, involving an amount of HKD 1.003 billion, with a buyback price per share ranging from HKD 377.8 to HKD 370.6.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.158 billion shares, accounting for 1.674% of the total 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.$MEITUAN-W (03690.HK)$On September 16, 3.3521 million weighted voting right shares were repurchased, involving an amount of 0.42 billion Hong Kong dollars, with a repurchase price per share ranging from 126.4 Hong Kong dollars to 122.9 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.149 billion shares, accounting for 2.385% of the total number of issued shares at the time of the ordinary resolution.
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 13, 3.1432 million ordinary shares were repurchased, involving an amount of 0.212 billion Hong Kong dollars, with a repurchase price per share ranging from 67.8 Hong Kong dollars to 67.25 Hong Kong dollars.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$On September 16, a total of 1.12 million ordinary shares were repurchased, involving an amount of 61.3418 million Hong Kong dollars, with a repurchase price per share ranging from 55.15 Hong Kong dollars to 54.55 Hong Kong dollars.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.296 billion shares, accounting for 2.638% of the total 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 13, a total of 5.676 million ordinary shares were repurchased, involving an amount of 59.9816 million US dollars, with a repurchase price per share ranging from 10.61 US dollars to 10.48 US dollars.
Since the repurchase authorization resolution, the cumulative number of repurchased securities is 85.3282 million shares, accounting for 0.46% of the total 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.