② According to the documents disclosed by HKEX on October 30th,$AIA (01299.HK)$,$SWIRE PACIFIC A (00019.HK)$And so on to repurchase shares.
① $AIA (01299.HK)$on October 29th, a total of 0.9944 million ordinary shares were repurchased, involving an amount of 62.3825 million Hong Kong dollars, with a repurchase price per share ranging from 63.3 Hong Kong dollars to 62.35 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.318 billion shares, accounting for 2.828% of the total number of shares issued when the ordinary resolution was passed.
② $SWIRE PACIFIC A (00019.HK)$Repurchased 0.284 million ordinary shares on October 29, involving an amount of 18.4708 million Hong Kong dollars, with a repurchase price per share ranging from 65.4 Hong Kong dollars to 64.3 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 23.74 million shares, accounting for 2.843% of the total number of shares issued when the ordinary resolution was passed.
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.$SINOPEC CORP (00386.HK)$Repurchased 16.0092 million A shares on October 29, involving an amount of 0.1 billion yuan, with a repurchase price per share ranging from 6.33 yuan to 6.23 yuan.
Asymchem Laboratories (06821.HK)$SINOPEC CORP (00386.HK)$Repurchased 4.05 million H shares on October 29, involving an amount of 17.7208 million Hong Kong dollars, with a repurchase price per share ranging from 4.38 Hong Kong dollars to 4.36 Hong Kong dollars.
Since the share repurchase authorization resolution, the total number of repurchased securities is 0.115 billion shares, accounting for 0.09% 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.$STANCHART (02888.HK)$Repurchased 1.626 million ordinary shares on October 28, involving an amount of 14.0088 million British pounds, with a repurchase price per share ranging from 8.69 British pounds to 8.54 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.
