② According to the documents disclosed by Hong Kong Exchanges and Clearing on September 24th,$TENCENT (00700.HK)$,$HSBC HOLDINGS (00005.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$On September 23, a total of 2.58 million shares of ordinary shares were repurchased, involving an amount of 1 billion Hong Kong dollars, with a repurchase price per share ranging from 391.8 Hong Kong dollars to 385.4 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of repurchased securities is 0.168 billion shares, accounting for 1.785% of the number of shares issued 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.$HSBC HOLDINGS (00005.HK)$On September 20, buyback 3.63 million ordinary shares, involving an amount of 0.251 billion Hong Kong dollars, with a repurchase price per share ranging from 69.35 Hong Kong dollars to 68.8 Hong Kong dollars.
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.$AIA (01299.HK)$On September 23, buyback 1.12 million ordinary shares, involving an amount of 65.335 million Hong Kong dollars, with a repurchase price per share ranging from 58.65 Hong Kong dollars to 57.9 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of repurchased securities is 0.301 billion shares, accounting for 2.678% of the number of shares issued at the time of the ordinary resolution.
Asymchem Laboratories (06821.HK)$SINOPEC CORP (00386.HK)$On September 23, hkex repurchased 10.904 million listed in hong kong shares, involving an amount of 50.0199 million Hong Kong dollars, with a repurchase price per share ranging from 4.62 Hong Kong dollars to 4.53 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of repurchased securities is 78.392 million shares, accounting for 0.06% of the number of shares issued 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.$BABA-W (09988.HK)$On September 20, hkex repurchased 3.6144 million common shares, involving an amount of 39.9801 million US dollars, with a repurchase price per share ranging from 11.18 US dollars to 11.01 US dollars.
Since the share buyback authorization resolution, the total number of repurchased securities is 0.11 billion shares, accounting for 0.58% of the number of shares issued 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.