According to the document disclosed by HKEX on April 2,$TENCENT (00700.HK)$、$HSBC HOLDINGS (00005.HK)$and others repurchased shares.
① $TENCENT (00700.HK)$on April 1, a buyback of 0.991 million ordinary shares was carried out, involving an amount of 0.501 billion Hong Kong Dollars, with a buyback price ranging from 510.5 Hong Kong Dollars to 501 Hong Kong Dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 0.274 billion shares, accounting for 2.912% of the issued shares at the time of the ordinary resolution's approval.
② $HSBC HOLDINGS (00005.HK)$On March 31, 1.578 million ordinary shares were repurchased, involving an amount of 0.14 billion Hong Kong dollars, with a buyback price between 89 Hong Kong dollars and 87.9 Hong Kong dollars.
③ $CHINAHONGQIAO (01378.HK)$On April 1, 3.4675 million ordinary shares were repurchased, involving an amount of 55.145 million Hong Kong dollars, with a buyback price between 16 Hong Kong dollars and 15.84 Hong Kong dollars.
Since the share buyback authorization resolution, the cumulative number of repurchased securities is 39.7995 million shares, accounting for 0.42% of the issued shares at the time of the ordinary resolution's approval.
④ $FOSUN INTL (00656.HK)$On April 1, 4.53 million ordinary shares were repurchased, involving an amount of 19.8502 million HKD, with a buyback price per share ranging from 4.45 HKD to 4.23 HKD.
Since the buyback authorization resolution, the total number of repurchased securities has reached 19.48 million shares, accounting for 0.24% of the number of issued shares at the time the ordinary resolution was passed.
⑤ $HSBC HOLDINGS (00005.HK)$On March 31, 1.8428 million ordinary shares were repurchased, involving an amount of 16.0579 million British Pound, with a buyback price per share ranging from 8.78 British Pound to 8.66 British Pound.
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.
