② According to the documents disclosed by hkex on November 28, $TENCENT (00700.HK)$、$AIA (01299.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$on November 27, 1.77 million ordinary shares were repurchased, involving an amount of 0.704 billion Hong Kong dollars, with a buyback price per share ranging from 405.8 Hong Kong dollars to 392.2 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of securities repurchased is 0.193 billion shares, accounting for 2.054% of the number of shares outstanding at the time the ordinary resolution was passed.
② $AIA (01299.HK)$On November 27, 7.761 million ordinary shares were repurchased, involving an amount of 0.447 billion HKD, with the repurchase price per share ranging from 58.25 HKD to 56.9 HKD.
Since the share buyback authorization resolution, the total number of securities repurchased is 0.387 billion shares, accounting for 3.447% 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.$HSBC HOLDINGS (00005.HK)$On November 26, 2.456 million ordinary shares were repurchased, involving an amount of 0.175 billion HKD, with the repurchase price per share ranging from 71.6 HKD to 71.3 HKD.
Asymchem Laboratories (06821.HK)$COSCO SHIP HOLD (01919.HK)$On November 27, a share buyback of 8.4417 million A-shares was completed, involving an amount of 0.116 billion yuan, with each share repurchased at a price between 13.9 yuan and 13.51 yuan.
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.$KUAISHOU-W (01024.HK)$On November 27, a share buyback of 1.1 million weighted voting right stocks was completed, involving an amount of 51.5106 million HKD, with each share repurchased at a price between 48 HKD and 46.1 HKD.
Since the repurchase authorization resolution, the total number of securities repurchased has reached 68.1688 million shares, accounting for 1.572% of the issued shares at the time the ordinary resolution was approved.
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.
