According to the filing disclosed by hkex on October 17th,$HSBC HOLDINGS (00005.HK)$,$AIA (01299.HK)$And so on to repurchase shares.
① $HSBC HOLDINGS (00005.HK)$repurchased 1.5788 million shares of ordinary shares on October 15th, involving 0.107 billion hong kong dollars, with a repurchase price per share ranging from 68.55 hong kong dollars to 67.35 hong kong dollars.
② $AIA (01299.HK)$On October 16, stanchart repurchased 0.9778 million ordinary shares, involving an amount of 62.0181 million Hong Kong dollars, with a repurchase price per share ranging from 63.95 Hong Kong dollars to 62.6 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.309 billion shares, accounting for 2.748% of the number of issued shares 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.$KUAISHOU-W (01024.HK)$On October 16, stanchart repurchased 0.4685 million weighted voting right stocks, involving an amount of 21.7653 million Hong Kong dollars, with a repurchase price per share ranging from 46.75 Hong Kong dollars to 46.15 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 55.5086 million shares, accounting for 1.28% of the number of issued shares at the time of the ordinary resolution.
Asymchem Laboratories (06821.HK)$SWIRE PACIFIC A (00019.HK)$On October 16, the company repurchased 0.295 million shares of common stocks, involving an amount of 18.8864 million Hong Kong dollars, with a repurchase price per share ranging from 64.5 Hong Kong dollars to 62.9 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 21.565 million shares, accounting for 2.582% of the total number of issued shares when the ordinary resolution was passed.
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.$STANCHART (02888.HK)$On October 15, the company repurchased 1.643 million shares of common stocks, involving an amount of 13.649 million British pounds, with a repurchase price per share ranging from 8.37 British pounds to 8.27 British pounds.
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.