② According to the disclosure documents of hkex on September 26th,$TENCENT (00700.HK)$,$MEITUAN-W (03690.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$repurchased 1.73 million shares of common stocks on September 25th, involving an amount of 0.701 billion hong kong dollars, with a repurchase price per share ranging from 408.8 hong kong dollars to 401.4 hong kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.172 billion shares, accounting for 1.83% of the total number of shares 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 25, buy back 2.919 million weighted voting right shares, involving an amount of 0.41 billion Hong Kong dollars, and the repurchase price per share ranges from 140.8 Hong Kong dollars to 139.7 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.155 billion shares, accounting for 2.481% of the total number of shares 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 24, buy back 3.9536 million ordinary shares, involving an amount of 0.276 billion Hong Kong dollars, and the repurchase price per share ranges from 70 Hong Kong dollars to 69.65 Hong Kong dollars.
Asymchem Laboratories (06821.HK)$HSBC HOLDINGS (00005.HK)$On September 24, the company bought back 5.597 million ordinary shares, involving an amount of 37.9467 million British pounds, with a repurchase price per share ranging from 6.83 pounds to 6.72 pounds.
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.$SAMSONITE (01910.HK)$On September 25, the company bought back 1.1235 million ordinary shares, involving an amount of 20.5788 million Hong Kong dollars, with a repurchase price per share ranging from 18.88 Hong Kong dollars to 18 Hong Kong dollars.
Since the share buyback authorization resolution, the accumulated number of repurchased securities is 29.2872 million shares, accounting for 2.004% of the total 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.
