② According to documents disclosed by hkex on November 21, $TENCENT (00700.HK)$、$AIA (01299.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$On November 20, a share buyback of 1.71 million common shares was executed, involving an amount of 0.701 billion Hong Kong dollars, with a repurchase price ranging from 413.4 Hong Kong dollars to 406.6 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.185 billion shares, accounting for 1.961% of the number of shares outstanding at the time the ordinary resolution was passed.
② $AIA (01299.HK)$On November 20, 7.016 million ordinary shares were repurchased, involving an amount of 0.404 billion hk dollars, with a repurchase price ranging from 58 hk dollars to 57.2 hk dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.356 billion shares, accounting for 3.172% of the number of shares outstanding 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.$BABA-W (09988.HK)$On November 19, 3.6664 million ordinary shares were repurchased, involving an amount of 39.9922 million dollars, with a repurchase price ranging from 10.99 dollars to 10.85 dollars.
Since the share buyback authorization resolution, the total number of shares repurchased has been 0.153 billion shares, accounting for 0.82% of the issued shares at the time the ordinary resolution was passed.
Asymchem Laboratories (06821.HK)$CSPC PHARMA (01093.HK)$On November 20th, 5.7 million ordinary shares were bought back, involving an amount of 29.7206 million hkex, with a repurchase price ranging from 5.25 hkex to 5.13 hkex.
Since the share buyback authorization resolution, the total number of shares repurchased has been 0.217 billion shares, accounting for 1.827% of the issued shares at the time 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 November 19th, 4.0449 million ordinary shares were bought back, involving an amount of 29.1168 million british pound, with a repurchase price ranging from 7.31 british pound to 7.13 british pound.
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.
