② According to the disclosure documents released by hkex on October 9th,$TENCENT (00700.HK)$,$HSBC HOLDINGS (00005.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$repurchased 1.56 million shares of ordinary shares on October 8, involving an amount of 0.703 billion Hong Kong dollars, with a repurchase price per share ranging from 474.8 Hong Kong dollars to 438.6 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.176 billion shares, accounting for 1.87% of the number of shares issued at the time of the ordinary resolution approval.
② $HSBC HOLDINGS (00005.HK)$On October 7, buyback of 4.3944 million ordinary shares, involving an amount of 0.31 billion Hong Kong dollars, with a buyback price per share ranging from 70.95 Hong Kong dollars to 70.2 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.$GOLDWIND (02208.HK)$On October 8, buyback of 19.3918 million A-shares, involving an amount of 0.211 billion yuan, with a buyback price per share ranging from 11.01 yuan to 10.63 yuan.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 30.8839 million shares, accounting for 0.89% of the number of shares issued at the time of the ordinary resolution approval.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$On October 8th, the company repurchased 0.9 million shares of common stock, involving an amount of 59.9642 million Hong Kong dollars, with a repurchase price per share ranging from 70.35 Hong Kong dollars to 64.55 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 0.304 billion shares, accounting for 2.706% of the total 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.$WUXI BIO (02269.HK)$On October 8th, the company repurchased 2.53 million shares of common stock, involving an amount of 49.7653 million Hong Kong dollars, with a repurchase price per share ranging from 20.25 Hong Kong dollars to 19.04 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 46.9505 million shares, accounting for 1.13% of the total 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.
