② According to hkex's disclosure on December 4th,$TENCENT (00700.HK)$、$HSBC HOLDINGS (00005.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$repurchased 1.76 million shares of common stocks on December 3, involving an amount of 0.703 billion Hong Kong dollars, with a repurchase price per share ranging from 404.2 Hong Kong dollars to 395 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.2 billion shares, accounting for 2.129% of the number of shares issued at the time of the ordinary resolution.
② $HSBC HOLDINGS (00005.HK)$Repurchased 1.0452 million ordinary shares on December 2, involving an amount of 75.9067 million Hong Kong dollars, with a repurchase price per share ranging from 72.75 Hong Kong dollars to 72.35 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.$AIA (01299.HK)$Repurchased 1.0642 million ordinary shares on December 3, involving an amount of 61.6065 million Hong Kong dollars, with a repurchase price per share ranging from 58.2 Hong Kong dollars to 57.35 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.411 billion shares, accounting for 3.657% of the number of shares issued at the time of the ordinary resolution.
Asymchem Laboratories (06821.HK)$BABA-W (09988.HK)$On December 2, the company repurchased 3.7256 million ordinary shares, involving an amount of 39.9904 million US dollars, with a repurchase price per share ranging from $10.86 to $10.66.
Since the share repurchase authorization resolution, the cumulative number of securities repurchased is 0.185 billion shares, accounting for 0.99% of the number of shares issued at the time of the ordinary resolution passing.
Repurchased 2.8 million weighted voting right shares on June 3, involving an amount of HKD50.0474 million, with a repurchase price per share ranging from HKD17.94 to HKD17.82.$LIVZON PHARMA (01513.HK)$On December 3, the company repurchased 0.7482 million A-shares, involving an amount of 28.2794 million yuan, with a repurchase price per share ranging from 37.9 yuan to 37.63 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.
