② According to hkex's document disclosed on October 4th,$TENCENT (00700.HK)$,$HSBC HOLDINGS (00005.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$Repurchased 0.5492 million shares of common stocks on October 3, involving an amount of 0.251 billion Hong Kong dollars, with the repurchase price per share ranging from 459.4 Hong Kong dollars to 453.4 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.173 billion shares, accounting for 1.84% of the number of shares issued when the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$On October 2, repurchased 3.5412 million shares of ordinary shares, involving an amount of 0.246 billion Hong Kong dollars, with a repurchase price per share ranging from 69.85 Hong Kong dollars to 69 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.$HSBC HOLDINGS (00005.HK)$On October 2, repurchased 4.9929 million shares of ordinary shares, involving an amount of 33.765 million British pounds, with a repurchase price per share ranging from 6.79 British pounds to 6.71 British pounds.
Asymchem Laboratories (06821.HK)$SWIRE PACIFIC A (00019.HK)$On October 3, the company repurchased 0.3995 million ordinary shares, involving an amount of 27.4612 million Hong Kong dollars, with a repurchase price per share ranging from 69.15 Hong Kong dollars to 67.15 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 19.075 million shares, accounting for 2.284% of the number of shares issued 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.$SAMSONITE (01910.HK)$On October 3, the company repurchased 1.2882 million ordinary shares, involving an amount of 25.7158 million Hong Kong dollars, with a repurchase price per share ranging from 20.8 Hong Kong dollars to 19.66 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 31.8645 million shares, accounting for 2.181% of the number of shares issued 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.