According to the disclosure documents released by hkex on September 27th,$HSBC HOLDINGS (00005.HK)$,$TENCENT (00700.HK)$And so on to repurchase shares.
① $HSBC HOLDINGS (00005.HK)$repurchased 4.1064 million shares of ordinary stocks on September 25th, involving an amount of 0.288 billion Hong Kong dollars, with a repurchase price per share ranging from 70.65 Hong Kong dollars to 69.55 Hong Kong dollars.
② $TENCENT (00700.HK)$On September 26, the company bought back 0.3674 million shares of common stock, involving an amount of 0.151 billion Hong Kong dollars, with a repurchase price per share ranging from 414.2 Hong Kong dollars to 407 Hong Kong dollars.
Since the stock buyback authorization resolution, the cumulative number of repurchased securities is 0.173 billion shares, accounting for 1.834% of the number of shares issued 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.$MEITUAN-W (03690.HK)$On September 26, the company bought back 0.4268 million shares of weighted voting right stocks, involving an amount of 61.1632 million Hong Kong dollars, with a repurchase price per share ranging from 143.5 Hong Kong dollars to 142.6 Hong Kong dollars.
Since the stock buyback authorization resolution, the cumulative number of repurchased securities is 0.155 billion shares, accounting for 2.488% of the number of shares issued at the time of the ordinary resolution.
Asymchem Laboratories (06821.HK)$HSBC HOLDINGS (00005.HK)$Repurchased 3.6262 million shares of common stocks on September 25, involving an amount of 24.2654 million British pounds, with a buyback price per share ranging from 6.74 to 6.64 British 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.$SWIRE PACIFIC A (00019.HK)$Repurchased 0.375 million shares of common stocks on September 26, involving an amount of 24.2018 million Hong Kong dollars, with a buyback price per share ranging from 65.4 to 63.95 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of repurchased securities is 17.4845 million shares, accounting for 2.094% of the total 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.