② According to the disclosure documents released by hkex on October 8th,$TENCENT (00700.HK)$,$HSBC HOLDINGS (00005.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$repurchased 1.05 million shares of common shares on October 7th, involving an amount of 0.502 billion Hong Kong dollars, with a repurchase price per share ranging from 482.2 Hong Kong dollars to 470 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.175 billion shares, accounting for 1.854% of the number of shares issued at the time of the ordinary resolution.
② $HSBC HOLDINGS (00005.HK)$On October 4, a total of 3.5636 million ordinary shares were repurchased, involving an amount of 0.248 billion Hong Kong dollars, with a repurchase price per share ranging from 69.95 Hong Kong dollars to 69.2 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 October 7, a total of 0.9 million ordinary shares were repurchased, involving an amount of 65.3012 million Hong Kong dollars, with a repurchase price per share ranging from 74.15 Hong Kong dollars to 71.75 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.303 billion shares, accounting for 2.698% of the number of shares issued at the time of the ordinary resolution.
Asymchem Laboratories (06821.HK)$HSBC HOLDINGS (00005.HK)$On October 4, a total of 5.5285 million ordinary shares were repurchased, involving an amount of 38.1178 million British pounds, with a repurchase price per share ranging from 6.97 pounds to 6.81 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 7, a total of 1.6029 million ordinary shares were repurchased, involving an amount of 32.9582 million Hong Kong dollars, with a repurchase price per share ranging from 21 HK dollars to 19.76 HK dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 35.2788 million shares, accounting for 2.414% of the number of shares issued at the time of the ordinary resolution approval.
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.
