According to documents disclosed by hkex on November 5th,$HSBC HOLDINGS (00005.HK)$,$AIA (01299.HK)$And so on to repurchase shares.
① $HSBC HOLDINGS (00005.HK)$they repurchased 2.7484 million shares of common stocks on November 1st, involving an amount of 0.197 billion Hong Kong dollars, with a repurchase price per share ranging from 71.85 Hong Kong dollars to 71.4 Hong Kong dollars.
② $AIA (01299.HK)$On November 4th, the company repurchased 1 million shares of common stock, involving an amount of 62.0256 million Hong Kong dollars, with a repurchase price per share ranging from 62.25 Hong Kong dollars to 61.7 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 0.322 billion shares, accounting for 2.864% of the number of shares issued at the time of the ordinary resolution being 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 4th, the company repurchased 8.0752 million shares of A shares, involving an amount of 50.1075 million yuan, with a repurchase price per share ranging from 6.28 yuan to 6.18 yuan.
Asymchem Laboratories (06821.HK)$HSBC HOLDINGS (00005.HK)$On 1st November, the company repurchased 3.7769 million shares of common stock, involving an amount of 26.8815 million british pounds, with a buyback price per share ranging from 7.15 british pounds to 7.08 british pounds.
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.$BABA-W (09988.HK)$On 1st November, the company repurchased 1.6332 million shares of common stock, involving an amount of 19.9728 million US dollars, with a buyback price per share ranging from 12.29 US dollars to 12.18 US dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.128 billion shares, accounting for 0.68% of the 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.