According to the disclosure documents released by hkex on October 7th,$HSBC HOLDINGS (00005.HK)$,$TENCENT (00700.HK)$And so on to repurchase shares.
① $HSBC HOLDINGS (00005.HK)$Repurchased 3.3964 million shares of ordinary shares on October 3, involving an amount of 0.236 billion Hong Kong dollars, with a repurchase price per share ranging from 70.05 Hong Kong dollars to 69.15 Hong Kong dollars.
② $TENCENT (00700.HK)$On October 4, the company repurchased 0.2919 million shares of common stock, involving an amount of 0.137 billion Hong Kong dollars, with a repurchase price per share ranging from 472.2 Hong Kong dollars to 462.4 Hong Kong dollars.
Since the repurchase authorization resolution, the cumulative number of securities repurchased is 0.174 billion shares, accounting for 1.843% 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.$AIA (01299.HK)$On October 4, the company repurchased 0.5934 million shares of common stock, involving an amount of 42.7437 million Hong Kong dollars, with a repurchase price per share ranging from 72.55 Hong Kong dollars to 70.65 Hong Kong dollars.
Since the repurchase authorization resolution, the cumulative number of securities repurchased is 0.302 billion shares, accounting for 2.69% of the number of shares issued at the time of the ordinary resolution.
Asymchem Laboratories (06821.HK)$HSBC HOLDINGS (00005.HK)$On October 3, a total of 5.7063 million ordinary shares were repurchased, involving an amount of 39.0468 million British pounds, with a repurchase price per share ranging from 6.9 British pounds to 6.77 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.$SAMSONITE (01910.HK)$On October 4, a total of 1.8114 million ordinary shares were repurchased, involving an amount of 35.865 million Hong Kong dollars, with a repurchase price per share ranging from 20.1 Hong Kong dollars to 19.62 Hong Kong dollars.
Since the repurchase authorization resolution, the cumulative repurchased securities amount to 33.6759 million shares, accounting for 2.305% of the total number of shares issued 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.