② According to the disclosure documents released by HKEX on November 1st,$AIA (01299.HK)$,$COSCO SHIP HOLD (01919.HK)$And so on to repurchase shares.
① $AIA (01299.HK)$repurchased 0.9968 million shares of ordinary shares on October 31, involving an amount of 61.6603 million Hong Kong dollars, with a repurchase price per share ranging from 62.8 Hong Kong dollars to 61.35 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 0.32 billion shares, accounting for 2.846% of the total issued shares at the time of the ordinary resolution passing.
② $COSCO SHIP HOLD (01919.HK)$On October 31, 3.109 million H shares were repurchased, involving an amount of 36.1326 million Hong Kong dollars, with a repurchase price per share ranging from 11.78 Hong Kong dollars to 11.46 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 3.109 million shares, accounting for 0.097% of the total issued shares 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.$SINOPEC CORP (00386.HK)$On October 31, 5.2 million A shares were repurchased, involving an amount of 32.1141 million yuan, with a repurchase price per share ranging from 6.22 yuan to 6.16 yuan.
Asymchem Laboratories (06821.HK)$SWIRE PACIFIC A (00019.HK)$On October 31, the company repurchased 0.385 million shares of common stock, involving an amount of 25.1966 million Hong Kong dollars, with a repurchase price per share ranging from 65.8 Hong Kong dollars to 64.85 Hong Kong dollars.
Since the share buyback authorization resolution, the accumulated number of securities repurchased is 24.54 million shares, accounting for 2.938% of the total number of shares issued at the time of the ordinary resolution.
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.$SINOPEC CORP (00386.HK)$On October 31, 5.75 million H shares were repurchased, involving an amount of 25.1879 million Hong Kong dollars, with a repurchase price per share ranging from 4.41 Hong Kong dollars to 4.36 Hong Kong dollars.
Since the share buyback authorization resolution, the accumulated number of securities repurchased is 0.127 billion shares, accounting for 0.1% of the total 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.
