② According to the disclosure documents released by hkex on November 27th,$TENCENT (00700.HK)$、$HSBC HOLDINGS (00005.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$Repurchased 1.78 million shares of common stocks on November 26th, involving an amount of 0.703 billion Hong Kong dollars, with a repurchase price per share ranging from 399 Hong Kong dollars to 392.2 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.192 billion shares, accounting for 2.035% of the number of shares issued when the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$On November 25, repurchased 3.1676 million ordinary shares, involving an amount of 0.226 billion Hong Kong dollars, with the repurchase price per share ranging from 71.4 Hong Kong dollars to 71.05 Hong Kong dollars.
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.$COSCO SHIP HOLD (01919.HK)$On November 26, repurchased 10.2623 million A-shares, involving an amount of 0.142 billion RMB, with the repurchase price per share ranging from 13.92 RMB to 13.57 RMB.
Asymchem Laboratories (06821.HK)$AIA (01299.HK)$Repurchased 1.0706 million ordinary shares on November 26, involving an amount of 60.9643 million Hong Kong dollars, with a repurchase price per share ranging from 57.2 Hong Kong dollars to 56.6 Hong Kong dollars.
Since the share repurchase authorization resolution, the cumulative number of repurchased securities is 0.379 billion shares, accounting for 3.378% of the number of shares issued at the time of the ordinary resolution.
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 3.7625 million ordinary shares on November 25, involving an amount of 39.9733 million US dollars, with a repurchase price per share ranging from 10.73 US dollars to 10.48 US dollars.
Since the share repurchase authorization resolution, the cumulative number of repurchased securities is 0.17 billion shares, accounting for 0.91% 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.
