② According to the documents disclosed by HKEX on March 25,$TENCENT (00700.HK)$、$HSBC HOLDINGS (00005.HK)$and others repurchased shares.
① $TENCENT (00700.HK)$on March 24, a Share Buyback of 0.98 million ordinary shares was conducted, involving an amount of 0.501 billion Hong Kong dollars, with a repurchase price ranging from 517.5 to 505 Hong Kong dollars per share.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.268 billion shares, accounting for 2.849% of the number of issued shares at the time the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$On March 21, 2.5 million ordinary shares were repurchased, involving an amount of 0.222 billion HKD, with a buyback price per share ranging from 89.05 HKD to 88.45 HKD.
③ $SINOPEC CORP (00386.HK)$On March 24, 23.8 million H-shares were repurchased, involving an amount of 98.5153 million HKD, with a buyback price per share ranging from 4.17 HKD to 4.11 HKD.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.312 billion shares, accounting for 0.26% of the number of issued shares at the time the ordinary resolution was passed.
④ $COSCO SHIP HOLD (01919.HK)$On March 24, 3.964 million H shares were repurchased, involving an amount of 49.485 million Hong Kong dollars, with a repurchase price ranging from 12.64 to 12.28 Hong Kong dollars per share.
Since the Share Buyback authorization resolution, the cumulative number of securities repurchased is 0.212 billion shares, accounting for 6.627% of the total number of issued shares at the time the ordinary resolution was passed.
⑤ $SWIRE PACIFIC A (00019.HK)$On March 24, 0.385 million ordinary shares were repurchased, involving an amount of 26.6818 million Hong Kong dollars, with a repurchase price ranging from 69.7 to 68.45 Hong Kong dollars per share.
Since the Share Buyback authorization resolution, the cumulative number of securities repurchased is 46.0635 million shares, accounting for 5.516% of the total number of issued shares at the time the ordinary resolution was passed.
For detailed information on the company's share buyback, please see the image below:
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.
