According to the disclosure documents filed by Hong Kong Exchanges and Clearing on November 12th,$HSBC HOLDINGS (00005.HK)$、$AIA (01299.HK)$And so on to repurchase shares.
① $HSBC HOLDINGS (00005.HK)$On November 8th, repurchased 3.9728 million shares of common stock, involving an amount of 0.285 billion Hong Kong dollars, with a repurchase price per share ranging from 72.15 Hong Kong dollars to 71.65 Hong Kong dollars.
② $AIA (01299.HK)$On November 11, the company repurchased 1.0258 million shares of common stock, involving an amount of 62.0297 million Hong Kong dollars, with a repurchase price per share ranging from 60.85 Hong Kong dollars to 60.2 Hong Kong dollars.
Since the share repurchase authorization resolution, the cumulative number of repurchased securities is 0.327 billion shares, accounting for 2.908% 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.$SINOPEC CORP (00386.HK)$On November 11, the company repurchased 10 million shares of A-shares, involving an amount of 62.3091 million yuan, with a repurchase price per share ranging from 6.25 yuan to 6.21 yuan.
Asymchem Laboratories (06821.HK)$COSCO SHIP HOLD (01919.HK)$On November 11, the company repurchased 3.82 million H shares, involving an amount of 45.5108 million Hong Kong dollars, with a repurchase price per share ranging from 12.1 Hong Kong dollars to 11.82 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 22.6195 million shares, accounting for 0.707% of the total number of issued shares at the time of the ordinary resolution approval.
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 November 8, the company repurchased 5.443 million ordinary shares, involving an amount of 37.9336 million British pounds, with a repurchase price per share ranging from 7.13 British pounds to 6.9 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.