According to the disclosure documents submitted by hkex on November 15th, $HSBC HOLDINGS (00005.HK)$、$AIA (01299.HK)$And so on to repurchase shares.
① $HSBC HOLDINGS (00005.HK)$the company repurchased 4.2144 million shares of ordinary shares on November 13th, involving 0.292 billion Hong Kong dollars, with a repurchase price per share ranging from 69.55 Hong Kong dollars to 68.85 Hong Kong dollars.
② $AIA (01299.HK)$Repurchased 3.4022 million shares of common stocks on November 14, involving an amount of 0.197 billion Hong Kong dollars, with repurchase prices ranging from 59.05 Hong Kong dollars to 57.7 Hong Kong dollars per share.
Since the repurchase authorization resolution, the accumulated number of repurchased securities is 0.332 billion shares, accounting for 2.958% of the total number of shares issued at the time of the general 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.$COSCO SHIP HOLD (01919.HK)$Repurchased 5.1725 million H shares on November 14, involving an amount of 60.0102 million Hong Kong dollars, with repurchase prices ranging from 11.8 Hong Kong dollars to 11.48 Hong Kong dollars per share.
Since the repurchase authorization resolution, the accumulated number of repurchased securities is 36.292 million shares, accounting for 1.134% of the total number of shares issued at the time of the general resolution passing.
Asymchem Laboratories (06821.HK)$HSBC HOLDINGS (00005.HK)$Repurchased 8.1459 million shares of common stocks on November 13, involving an amount of 56.885 million British pounds, with a repurchase price per share ranging from 7 pounds to 6.96 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.$SINOPEC CORP (00386.HK)$Repurchased 7.8094 million shares of common stocks on November 14, involving an amount of 49.1108 million yuan, with a repurchase price per share ranging from 6.33 yuan to 6.22 yuan.
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.