According to a document disclosed by HKEX on April 3.$TENCENT (00700.HK)$、$HSBC HOLDINGS (00005.HK)$and others repurchased shares.
① $TENCENT (00700.HK)$on April 2nd, 0.996 million ordinary shares were repurchased, involving an amount of 0.501 billion Hong Kong dollars, with a repurchase price ranging from 508 Hong Kong dollars to 499.4 Hong Kong dollars.
Since the Share Buyback authorization resolution, the total number of repurchased securities has been 0.275 billion shares, accounting for 2.923% of the total issued shares at the time of the ordinary resolution's approval.
② $HSBC HOLDINGS (00005.HK)$On April 1, 1.6 million ordinary shares were repurchased, involving an amount of 0.142 billion Hong Kong dollars, with the repurchase price per share ranging from 89.1 to 88.15 Hong Kong dollars.
③ $CHINAHONGQIAO (01378.HK)$On April 2, 4.965 million ordinary shares were repurchased, involving an amount of 77.6794 million Hong Kong dollars, with the repurchase price per share ranging from 16 to 15.32 Hong Kong dollars.
Since the Share Buyback authorization resolution, the total number of repurchased securities has been 44.7645 million shares, accounting for 0.47% of the total issued shares at the time of the ordinary resolution's approval.
④ $HSBC HOLDINGS (00005.HK)$On April 1, 1.9471 million ordinary shares were repurchased, involving an amount of 17.1524 million British Pounds, with a repurchase price ranging from 8.89 British Pounds to 8.71 British Pounds.
⑤ $SWIREPROPERTIES (01972.HK)$On April 2, 0.6 million ordinary shares were repurchased, involving an amount of 10.0109 million HKD, with a repurchase price ranging from 16.78 HKD to 16.4 HKD.
Since the share buyback authorization resolution, the cumulative number of securities repurchased is 79.6996 million shares, accounting for 1.362% of the 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.
