According to the disclosure document of HKEX on September 20th,$TENCENT (00700.HK)$,$MEITUAN-W (03690.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$On September 19th, they bought back 2.6 million ordinary shares, involving an amount of HKD 1.002 billion and a repurchase price per share ranging from HKD 389.6 to HKD 376.6.
Since the share buyback authorization resolution, the accumulated number of repurchased securities is 0.163 billion shares, accounting for 1.73% of the number of issued shares 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 19, 1.706 million weighted voting right shares were repurchased, involving an amount of 0.221 billion Hong Kong dollars, with a repurchase price per share ranging from 130.1 Hong Kong dollars to 127.8 Hong Kong dollars.
Since the share buyback authorization resolution, the accumulated number of repurchased securities is 0.152 billion shares, accounting for 2.432% of the number of issued shares 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.$SINOPEC CORP (00386.HK)$On September 19, 26 million H shares were repurchased, involving an amount of 0.115 billion Hong Kong dollars, with a repurchase price per share ranging from 4.46 Hong Kong dollars to 4.34 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 44.288 million shares, accounting for 0.04% of the number of issued shares at the time of the ordinary resolution.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$Repurchased 1.1096 million ordinary shares on September 19, involving an amount of 62.0248 million Hong Kong dollars, with a repurchase price per share ranging from 56.65 Hong Kong dollars to 54.9 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.299 billion shares, accounting for 2.658% 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.$BABA-W (09988.HK)$Repurchased 5.6776 million ordinary shares on September 18, involving an amount of 59.9772 million US dollars, with a repurchase price per share ranging from 10.62 US dollars to 10.51 US dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.102 billion shares, accounting for 0.55% of the number of issued shares at the time of the ordinary resolution passing.
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.