② According to the disclosure documents filed by HKEX on October 24th,$AIA (01299.HK)$,$HSBC HOLDINGS (00005.HK)$And so on to repurchase shares.
① $AIA (01299.HK)$repurchased 1.0138 million shares of ordinary shares on October 23, involving an amount of 62.4808 million Hong Kong dollars, with a repurchase price per share ranging from 62.2 Hong Kong dollars to 61.15 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 0.314 billion shares, accounting for 2.793% of the number of shares issued when the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$On October 22, a total of 0.8528 million common shares were repurchased, involving an amount of 58.2454 million Hong Kong dollars, with a repurchase price per share ranging from 68.55 Hong Kong dollars to 68 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.$SWIRE PACIFIC A (00019.HK)$On October 23, a total of 0.2435 million common shares were repurchased, involving an amount of 15.8349 million Hong Kong dollars, with a repurchase price per share ranging from 65.75 Hong Kong dollars to 64.3 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 22.9975 million shares, accounting for 2.754% of the number of shares issued when the ordinary resolution was passed.
Asymchem Laboratories (06821.HK)$STANCHART (02888.HK)$On October 22, 1.5502 million shares of ordinary shares were repurchased, involving an amount of 13.0203 million British pounds, with a repurchase price per share ranging from 8.45 pounds to 8.34 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.$DEXIN SER GROUP (02215.HK)$On October 23, 5.634 million shares of ordinary shares were repurchased, involving an amount of 10.142 million Hong Kong dollars, with a repurchase price per share ranging from 1.9 HKD to 1.63 HKD.
Since the share buyback authorization resolution, the total number of repurchased securities is 11.038 million shares, accounting for 1.178% of the 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.
