According to the disclosure documents released by hkex on October 25th,$HSBC HOLDINGS (00005.HK)$,$AIA (01299.HK)$And so on to repurchase shares.
① $HSBC HOLDINGS (00005.HK)$repurchased 0.9892 million shares of ordinary shares on October 23rd, involving an amount of 68.1092 million Hong Kong dollars, with a repurchase price per share ranging from 69.05 Hong Kong dollars to 68.5 Hong Kong dollars.
② $AIA (01299.HK)$On 24th October, share buyback of 0.9942 million ordinary shares was made, involving an amount of 61.8851 million Hong Kong dollars, with the repurchase price per share ranging from 62.9 Hong Kong dollars to 61.75 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 0.315 billion shares, accounting for 2.802% of the number of shares issued at the time of the ordinary resolution passing.
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.$LIVZON PHARMA (01513.HK)$On 24th October, share buyback of 0.88 million A shares was made, involving an amount of 32.8198 million yuan, with the repurchase price per share ranging from 37.45 yuan to 37.2 yuan.
Asymchem Laboratories (06821.HK)$BABA-W (09988.HK)$Repurchased 1.6226 million shares of common stock on October 23, involving an amount of 19.9734 million US dollars, with a repurchase price per share ranging from 12.49 US dollars to 12.22 US dollars.
Since the share buyback authorization resolution, the total number of securities repurchased is 0.118 billion shares, accounting for 0.63% 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.$STANCHART (02888.HK)$Repurchased 1.638 million shares of common stock on October 23, involving an amount of 13.9089 million British pounds, with a repurchase price per share ranging from 8.53 British pounds to 8.44 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.