② According to documents disclosed by hkex on December 3rd,$TENCENT (00700.HK)$、$AIA (01299.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$purchased 1.76 million shares of common stocks on December 2nd, involving an amount of 0.701 billion Hong Kong dollars, with a repurchase price per share ranging from 401.2 Hong Kong dollars to 395.6 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of repurchased securities is 0.199 billion shares, accounting for 2.11% of the number of shares issued at the time of the ordinary resolution.
② $AIA (01299.HK)$On December 2, 7.72 million ordinary shares were repurchased, involving an amount of 0.449 billion Hong Kong dollars, with a repurchase price per share ranging from 58.7 Hong Kong dollars to 57.45 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of repurchased securities is 0.41 billion shares, accounting for 3.647% 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 29, 0.8604 million ordinary shares were repurchased, involving an amount of 62.3085 million Hong Kong dollars, with a repurchase price per share ranging from 72.55 Hong Kong dollars to 72.3 Hong Kong dollars.
Asymchem Laboratories (06821.HK)$BABA-W (09988.HK)$Repurchased 3.6831 million shares of common stock on November 29, involving an amount of 39.9887 million US dollars, with a repurchase price per share ranging from $10.94 to $10.75.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.181 billion shares, accounting for 0.97% of the number of shares issued at the time the ordinary resolution was passed.
Repurchased 2.8 million weighted voting right shares on June 3, involving an amount of HKD50.0474 million, with a repurchase price per share ranging from HKD17.94 to HKD17.82.$LIVZON PHARMA (01513.HK)$Repurchased 0.72 million shares of A-shares on December 2, involving an amount of 27.2679 million yuan, with a repurchase price per share ranging from 37.95 yuan to 37.8 yuan.
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.