According to the documents disclosed by HKEX on March 28,$TENCENT (00700.HK)$、$HSBC HOLDINGS (00005.HK)$and others repurchased shares.
① $TENCENT (00700.HK)$on March 27, a total of 0.981 million ordinary shares were repurchased, involving an amount of 0.501 billion Hong Kong dollars, with a repurchase price ranging from 515.5 Hong Kong dollars to 502.5 Hong Kong dollars.
Since the share buyback authorization resolution, a total of 0.271 billion shares have been repurchased, accounting for 2.881% of the number of issued shares when the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$On March 26, 2.0984 million ordinary shares were repurchased, involving an amount of 0.188 billion Hong Kong dollars, with the buyback price per share ranging from 89.8 Hong Kong dollars to 89.25 Hong Kong dollars.
③ $ZMJ (00564.HK)$On March 27, 7.1118 million A shares were repurchased, involving an amount of 0.109 billion yuan, with the buyback price per share ranging from 15.42 yuan to 15.05 yuan.
④ $CHINAHONGQIAO (01378.HK)$On March 27, 4.631 million ordinary shares were repurchased, involving an amount of 73.5579 million HKD, with a repurchase price per share ranging from 16.06 HKD to 15.56 HKD.
Since the share buyback authorization resolution, the total number of repurchased securities is 16.2805 million shares, accounting for 0.17% of the number of shares issued at the time of the ordinary resolution.
⑤ $KUAISHOU-W (01024.HK)$On March 27, 1.2396 million Weighted Voting Right Stocks were repurchased, involving an amount of 69.8384 million HKD, with a repurchase price per share ranging from 56.6 HKD to 54.95 HKD.
Since the share buyback authorization resolution, the total number of repurchased securities is 0.108 billion shares, accounting for 2.491% of the number of shares issued at the time of the ordinary resolution.
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.
