② According to the disclosure documents released by hkex on December 2nd,$TENCENT (00700.HK)$、$AIA (01299.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$Repurchased 1.76 million shares of ordinary stocks on November 29, involving an amount of 0.7 billion Hong Kong dollars, with a repurchase price per share ranging from 402.4 Hong Kong dollars to 395 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.197 billion shares, accounting for 2.091% of the number of shares issued at the time of the ordinary resolution.
② $AIA (01299.HK)$On November 29, 7 million shares of common stock were repurchased, involving an amount of 0.408 billion Hong Kong dollars, with a repurchase price per share ranging from 58.7 Hong Kong dollars to 57.8 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.402 billion shares, accounting for 3.578% of the number of shares issued 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.$HSBC HOLDINGS (00005.HK)$On November 28, 1.3696 million shares of common stock were repurchased, involving an amount of 98.6104 million Hong Kong dollars, with a repurchase price per share ranging from 72.1 Hong Kong dollars to 71.9 Hong Kong dollars.
Asymchem Laboratories (06821.HK)$SINOPEC CORP (00386.HK)$On November 29, share buyback of 10.6 million H shares, involving an amount of 44.2062 million Hong Kong dollars, with a repurchase price ranging from 4.2 Hong Kong dollars to 4.16 Hong Kong dollars per share.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 0.252 billion shares, accounting for 0.21% 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.$SINOTRANS (00598.HK)$On November 29, share buyback of 6.3826 million A shares, involving an amount of 33.5666 million yuan, with a repurchase price ranging from 5.27 yuan to 5.19 yuan per share.
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.
