② According to the disclosure document released by hkex on November 29th,$TENCENT (00700.HK)$、$AIA (01299.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$repurchased 1.75 million shares of common stocks on November 28th, involving 0.7 billion Hong Kong dollars, with a repurchase price per share ranging from 403.8 Hong Kong dollars to 397.6 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.195 billion shares, accounting for 2.072% of the number of issued shares at the time of the ordinary resolution being passed.
② $AIA (01299.HK)$On November 28, 7.807 million ordinary shares were repurchased, involving an amount of 0.452 billion Hong Kong dollars, with a repurchase price per share ranging from 58.35 Hong Kong dollars to 56.8 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.395 billion shares, accounting for 3.516% of the number of issued shares at the time of the ordinary resolution being 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 27, 1.7788 million ordinary shares were repurchased, involving an amount of 0.127 billion Hong Kong dollars, with a repurchase price per share ranging from 72.1 Hong Kong dollars to 71.5 Hong Kong dollars.
Asymchem Laboratories (06821.HK)$BABA-W (09988.HK)$On November 27, the company repurchased 3.6796 million shares of common stock, involving $39.9911 million, with a repurchase price per share ranging from $10.94 to $10.81.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 0.177 billion shares, accounting for 0.95% of the number of shares issued at the time of the ordinary resolution.
Repurchased 2.8 million weighted voting right shares on June 3, involving an amount of HKD50.0474 million, with a repurchase price per share ranging from HKD17.94 to HKD17.82.$HSBC HOLDINGS (00005.HK)$On November 27, the company repurchased 5.3387 million shares of common stock, involving £38.9888 million, with a repurchase price per share ranging from £7.34 to £7.25.
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.
