② According to a document disclosed by HKEX on March 27.$KUAISHOU-W (01024.HK)$、$TENCENT (00700.HK)$and others repurchased shares.
① $KUAISHOU-W (01024.HK)$on March 26, 10.4664 million Weighted Voting Right Stocks were repurchased, involving an amount of 0.585 billion Hong Kong dollars, with a repurchase price ranging from 57.1 Hong Kong dollars to 54.7 Hong Kong dollars.
Since the share buyback authorization resolution, the total number of shares repurchased is 0.107 billion shares, accounting for 2.463% of the number of shares issued when the ordinary resolution was approved.
② $TENCENT (00700.HK)$On March 26, 0.99 million ordinary shares were repurchased, involving an amount of 0.501 billion Hong Kong dollars, with a repurchase price ranging from 509.5 Hong Kong dollars to 502 Hong Kong dollars per share.
Since the share buyback authorization resolution, the total number of shares repurchased is 0.27 billion shares, accounting for 2.87% of the number of shares issued when the ordinary resolution was approved.
③ $HSBC HOLDINGS (00005.HK)$On March 25, 2.0572 million ordinary shares were repurchased, involving an amount of 0.182 billion Hong Kong dollars, with a repurchase price ranging from 88.85 Hong Kong dollars to 88.25 Hong Kong dollars per share.
④ $COSCO SHIP HOLD (01919.HK)$On March 26, a total of 7.736 million Listed in Hong Kong shares were repurchased, involving an amount of 95.4706 million Hong Kong dollars, with a repurchase price ranging from 12.52 to 12.18 Hong Kong dollars per share.
Since the share buyback authorization resolution, the cumulative number of repurchased securities has been 0.227 billion shares, accounting for 7.087% of the number of shares issued at the time the ordinary resolution was passed.
⑤ $AAC TECH (02018.HK)$On March 26, a total of 0.6685 million ordinary shares were repurchased, involving an amount of 32.1248 million Hong Kong dollars, with a repurchase price ranging from 48.9 to 47.15 Hong Kong dollars per share.
Since the share buyback authorization resolution, the cumulative number of repurchased securities has been 11.7835 million shares, accounting for 0.983% of the number of shares issued 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.
