② According to the disclosure documents from hkex on October 29th,$AIA (01299.HK)$,$HSBC HOLDINGS (00005.HK)$And so on to repurchase shares.
① $AIA (01299.HK)$Repurchased 0.9906 million shares of common stocks on October 28th, involving an amount of 62.0039 million Hong Kong dollars, with a repurchase price per share ranging from 62.95 Hong Kong dollars to 62.3 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of repurchased securities is 0.317 billion shares, accounting for 2.819% of the total number of shares issued at the time of the ordinary resolution.
② $HSBC HOLDINGS (00005.HK)$On October 25, we repurchased 0.6484 million ordinary shares, involving an amount of 44.6946 million Hong Kong dollars, with a repurchase price per share ranging from 69.1 Hong Kong dollars to 68.6 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.$TECHTRONIC IND (00669.HK)$On October 28, we repurchased 0.25 million ordinary shares, involving an amount of 28.6029 million Hong Kong dollars, with a repurchase price per share ranging from 116.2 Hong Kong dollars to 113.4 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of repurchased securities is 2.5 million shares, accounting for 0.136% of the total number of shares issued at the time of the ordinary resolution.
Asymchem Laboratories (06821.HK)$BABA-W (09988.HK)$On October 25, the company repurchased 1.6352 million shares of common stock, involving an amount of 19.9926 million US dollars, with a repurchase price per share ranging from $12.36 to $12.14.
Since the share buyback authorization resolution, the accumulated number of repurchased securities is 0.121 billion shares, accounting for 0.65% of the number of shares issued at the time of the ordinary resolution passing.
Repurchased 2.8 million weighted voting right shares on June 3, involving an amount of HKD50.0474 million, with a repurchase price per share ranging from HKD17.94 to HKD17.82.$STANCHART (02888.HK)$On October 24, the company repurchased 1.6515 million shares of common stock, involving an amount of 14.0962 million British pounds, with a repurchase price per share ranging from £8.61 to £8.4.
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.
