According to the documents disclosed by the Hong Kong Stock Exchange on November 4th,$HSBC HOLDINGS (00005.HK)$,$AIA (01299.HK)$And so on to repurchase shares.
① $HSBC HOLDINGS (00005.HK)$repurchased 3.6848 million shares of ordinary shares on October 31, involving an amount of 0.265 billion Hong Kong dollars, with a repurchase price per share ranging from 72.3 Hong Kong dollars to 71.55 Hong Kong dollars.
② $AIA (01299.HK)$On November 1, a total of 0.9928 million shares of common stock were repurchased, involving an amount of 61.6919 million Hong Kong dollars, with a repurchase price per share ranging from 62.4 Hong Kong dollars to 61.7 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of securities repurchased is 0.321 billion shares, accounting for 2.855% of the total number of shares issued at the time 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.$SINOPEC CORP (00386.HK)$On November 1, 7.424 million H shares were repurchased, involving an amount of 32.7651 million Hong Kong dollars, with a repurchase price per share ranging from 4.45 Hong Kong dollars to 4.39 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of securities repurchased is 0.134 billion shares, accounting for 0.11% of the total number of shares issued at the time the ordinary resolution was passed.
Asymchem Laboratories (06821.HK)$GAC GROUP (02238.HK)$On November 1, the company repurchased 10.334 million H股 shares, involving an amount of 28.7961 million Hong Kong dollars, with a repurchase price per share ranging from 2.85 Hong Kong dollars to 2.72 Hong Kong dollars.
Since the share repurchase authorization resolution, the cumulative number of securities repurchased is 0.152 billion shares, accounting for 4.89% of the 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.$HSBC HOLDINGS (00005.HK)$On October 31, the company repurchased 3.6449 million ordinary shares, involving an amount of 25.9079 million British pounds, with a repurchase price per share ranging from 7.15 British pounds to 7.08 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.