② According to the disclosure documents of hkex on December 9th,$TENCENT (00700.HK)$、$HSBC HOLDINGS (00005.HK)$And so on to repurchase shares.
① $TENCENT (00700.HK)$repurchased 1.7 million shares of common stocks on December 6th, involving an amount of 0.698 billion Hong Kong dollars, with a repurchase price per share ranging from 414.4 Hong Kong dollars to 405.4 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of repurchased securities is 0.206 billion shares, accounting for 2.184% of the number of shares issued at the time of the ordinary resolution passed.
② $HSBC HOLDINGS (00005.HK)$Repurchased 0.992 million shares of common stock on December 5th, involving an amount of 72.891 million Hong Kong dollars, with a repurchase price per share ranging from 73.65 Hong Kong dollars to 73.15 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 1.0782 million shares of common stock on December 6th, involving an amount of 61.638 million Hong Kong dollars, with a repurchase price per share ranging from 57.75 Hong Kong dollars to 56.35 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of repurchased securities is 0.414 billion shares, accounting for 3.686% of the number of shares issued at the time of the ordinary resolution passed.
Asymchem Laboratories (06821.HK)$BABA-W (09988.HK)$Repurchased 5.692 million shares of common stock on December 5, involving an amount of $59.9863 million, with a repurchase price per share ranging from $10.63 to $10.49.
Since the share repurchase authorization resolution, the cumulative number of repurchased securities is 0.2 billion shares, accounting for 1.07% of the number of shares issued at the time of the ordinary resolution passed.
Repurchased 2.8 million weighted voting right shares on June 3, involving an amount of HKD50.0474 million, with a repurchase price per share ranging from HKD17.94 to HKD17.82.$GAC GROUP (02238.HK)$Repurchased 8.23 million H shares on December 6, involving an amount of HK$28.4907 million, with a repurchase price per share ranging from HK$3.51 to HK$3.36.
Since the share repurchase authorization resolution, the cumulative number of repurchased securities is 0.193 billion shares, accounting for 6.24% of the number of shares issued at the time of the ordinary resolution 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.
