According to the disclosure documents by Hong Kong Exchanges and Clearing on October 21st,$HSBC HOLDINGS (00005.HK)$,$AIA (01299.HK)$And so on to repurchase shares.
① $HSBC HOLDINGS (00005.HK)$Repurchased 1.4864 million shares of common stock on October 17th, involving an amount of 0.101 billion Hong Kong dollars, with a repurchase price per share ranging from 68.55 HKD to 67.55 HKD.
② $AIA (01299.HK)$Repurchased 0.9878 million ordinary shares on October 18th, involving an amount of 61.8387 million Hong Kong dollars, with a repurchase price per share ranging from 63.65 Hong Kong dollars to 61.45 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 0.311 billion shares, accounting for 2.766% of the total 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.$BABA-W (09988.HK)$Repurchased 1.4165 million ordinary shares on October 17th, involving an amount of 17.6811 million US dollars, with a repurchase price per share ranging from 12.5 US dollars to 12.45 US dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 0.116 billion shares, accounting for 0.62% of the total number of shares issued at the time of the ordinary resolution.
Asymchem Laboratories (06821.HK)$PACIFIC BASIN (02343.HK)$On October 18, a total of 6.5 million ordinary shares were repurchased, involving an amount of 14.1349 million Hong Kong dollars, with a repurchase price per share ranging from 2.26 Hong Kong dollars to 2.1 Hong Kong dollars.
Since the repurchase authorization resolution, the total number of securities repurchased is 0.112 billion shares, accounting for 2.133% of the total number of shares issued 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 17, a total of 1.4213 million ordinary shares were repurchased, involving an amount of 11.8758 million British pounds, with a repurchase price per share ranging from 8.42 British pounds to 8.2 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.