② According to the disclosure documents released by hkex on November 20th,$TENCENT (00700.HK)$、$AIA (01299.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$it repurchased 1.73 million shares of common stocks on November 19, involving an amount of 0.703 billion Hong Kong dollars, with a repurchase price per share ranging from 409 Hong Kong dollars to 403.4 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.183 billion shares, accounting for 1.943% of the total number of issued shares at the time of the ordinary resolution.
② $AIA (01299.HK)$Repurchased 6.904 million ordinary shares on November 19, involving 0.396 billion Hong Kong dollars, with a repurchase price per share ranging from 57.85 Hong Kong dollars to 57.15 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.349 billion shares, accounting for 3.109% of the total number of issued shares at the time of the ordinary resolution.
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 4.5549 million A-shares on November 19, involving 65.4808 million yuan, with a repurchase price per share ranging from 14.4 yuan to 14.32 yuan.
Asymchem Laboratories (06821.HK)$HSBC HOLDINGS (00005.HK)$Repurchased 0.77 million shares of common stock on November 18, involving an amount of 54.3575 million Hong Kong dollars, with a buyback price per share ranging from 70.9 Hong Kong dollars to 70.25 Hong Kong dollars.
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.$BABA-W (09988.HK)$Repurchased 3.5984 million shares of common stock on November 18, involving an amount of 39.991 million US dollars, with a buyback price per share ranging from 11.19 US dollars to 10.98 US dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.149 billion shares, accounting for 0.8% of the number of shares issued when the ordinary resolution was passed.
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.
