According to documents disclosed by HKEX on March 31,$TENCENT (00700.HK)$、$HSBC HOLDINGS (00005.HK)$and others repurchased shares.
① $TENCENT (00700.HK)$on March 28, 0.982 million ordinary shares were repurchased, involving an amount of 0.501 billion HKD, with the repurchase price ranging from 515.5 HKD to 503.5 HKD.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.272 billion shares, accounting for 2.891% of the issued shares at the time the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$On March 27, 2.072 million ordinary shares were repurchased, involving an amount of 0.186 billion HKD, with the repurchase price ranging from 90.25 HKD to 89.6 HKD per share.
③ $CHINAHONGQIAO (01378.HK)$On March 28, 6.981 million ordinary shares were repurchased, involving an amount of 0.112 billion HKD, with the repurchase price ranging from 16.16 HKD to 15.88 HKD per share.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 23.2615 million shares, accounting for 0.25% of the issued shares at the time the ordinary resolution was passed.
④ $KUAISHOU-W (01024.HK)$On March 28, 0.7963 million Weighted Voting Right Stocks were repurchased, involving an amount of 44.5529 million HKD, with each repurchase price ranging from 56.05 HKD to 55.85 HKD.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 0.109 billion shares, accounting for 2.51% of the total number of shares issued at the time of the ordinary resolution passing.
⑤ $AAC TECH (02018.HK)$On March 28, 0.5035 million ordinary shares were repurchased, involving an amount of 23.8273 million HKD, with each repurchase price ranging from 48.65 HKD to 46.65 HKD.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 12.319 million shares, accounting for 1.028% of the total number of shares issued at the time of the ordinary resolution passing.
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.
