② According to the documents disclosed by hkex on December 5, $TENCENT (00700.HK)$、$AIA (01299.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$on December 4, a share buyback of 1.74 million ordinary shares was conducted, involving an amount of 0.701 billion Hong Kong dollars, with the repurchase price per share ranging from 405.4 Hong Kong dollars to 399.8 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.202 billion shares, which accounts for 2.147% of the total number of shares issued at the time the ordinary resolution was passed.
② $AIA (01299.HK)$On December 4, 1.0816 million ordinary shares were repurchased, involving an amount of 62.3037 million Hong Kong dollars, with a repurchase price ranging from 57.95 Hong Kong dollars to 57.4 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.412 billion shares, which accounts for 3.666% of the total number of shares issued 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 December 3, 0.6376 million ordinary shares were repurchased, involving an amount of 46.4359 million Hong Kong dollars, with a repurchase price ranging from 73.3 Hong Kong dollars to 72.6 Hong Kong dollars.
Asymchem Laboratories (06821.HK)$BABA-W (09988.HK)$On December 3, 3.7224 million shares of common stocks were repurchased, involving an amount of 39.9883 million USD, with a buyback price per share ranging from 10.83 USD to 10.67 USD.
Since the buyback authorization resolution, the cumulative number of repurchased securities has reached 0.189 billion shares, accounting for 1.01% 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.$KUAISHOU-W (01024.HK)$On December 4, 0.81 million shares of weighted voting right stocks were repurchased, involving an amount of 38.2962 million HKD, with a buyback price per share ranging from 48.65 HKD to 46.95 HKD.
Since the buyback authorization resolution, the cumulative number of repurchased securities has reached 70.8388 million shares, accounting for 1.633% of the number of shares issued at the time the ordinary resolution was passed.
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.
