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On March 20, a buyback meeting took place | HSBC Holdings, SAMSONITE and others conducted buybacks, with HSBC Holdings spending HKD 0.268 billion.

Futu News ·  Mar 21 09:40

According to a document disclosed by HKEX on March 21,$HSBC HOLDINGS (00005.HK)$$SAMSONITE (01910.HK)$and others repurchased shares.

$HSBC HOLDINGS (00005.HK)$on March 19, a total of 2.988 million ordinary shares were repurchased, involving an amount of 0.268 billion Hong Kong dollars, with the buyback price ranging from 89.95 Hong Kong dollars to 89.6 Hong Kong dollars.

$SAMSONITE (01910.HK)$On March 20, 1.2702 million ordinary shares were repurchased, involving an amount of 24.5447 million HKD, with a repurchase price ranging from 19.52 HKD to 18.9 HKD.

Since the repurchase authorization resolution, the cumulative number of repurchased securities is 75.3915 million shares, accounting for 5.159% of the issued shares at the time the ordinary resolution was passed.

$HSBC HOLDINGS (00005.HK)$On March 19, 2.0429 million ordinary shares were repurchased, involving an amount of 18.276 million British Pounds, with a repurchase price ranging from 8.98 British Pounds to 8.87 British Pounds.

$AAC TECH (02018.HK)$On March 20, 0.3455 million ordinary shares were repurchased, involving an amount of 18.0198 million Hong Kong dollars, with a repurchase price ranging from 53.6 Hong Kong dollars to 51.2 Hong Kong dollars.

Since the repurchase authorization resolution, the cumulative number of repurchased securities has reached 10.0535 million shares, accounting for 0.839% of the total issued shares at the time of the ordinary resolution passage.

$STANCHART (02888.HK)$On March 19, 1.15 million ordinary shares were repurchased, involving an amount of 13.6869 million British pounds, with a repurchase price ranging from 11.99 British pounds to 11.84 British pounds.

For detailed information on the company's share buyback, please see the image below:

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What is Share Buyback?

Share Buyback refers to the behavior of a listed company repurchasing a certain amount of its issued shares from the stock market using Cash / Money Market or other means. After completing the Share Buyback, the company can cancel the repurchased shares. This reduces the number of shares outstanding, thereby achieving positive effects such as Market Cap management, Stock-based Incentive, and stabilizing the stock price.

The translation is provided by third-party software.


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