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Repurchase summary on April 3rd | TENCENT, HSBC Holdings, and others have repurchased shares, with TENCENT spending 0.501 billion HKD.

Futu News ·  Apr 7 09:40

According to a document disclosed by HKEX on April 7,$TENCENT (00700.HK)$$HSBC HOLDINGS (00005.HK)$and others repurchased shares.

$TENCENT (00700.HK)$On April 3, 1.011 million ordinary shares were repurchased, involving an amount of 0.501 billion Hong Kong dollars, with a repurchase price ranging from 498.8 to 492 Hong Kong dollars per share.

Since the Share Buyback authorization resolution, a total of 0.276 billion shares have been repurchased, accounting for 2.934% of the total shares issued at the time the ordinary resolution was passed.

$HSBC HOLDINGS (00005.HK)$On April 2, 1.586 million ordinary shares were repurchased, involving an amount of 0.141 billion HKD, with the repurchase price per share ranging from 88.9 HKD to 88.15 HKD.

$HSBC HOLDINGS (00005.HK)$On April 3, 1.6 million ordinary shares were repurchased, involving an amount of 0.139 billion HKD, with the repurchase price per share ranging from 87.45 HKD to 85.85 HKD.

$COSCO SHIP HOLD (01919.HK)$On April 3, 7.6922 million A shares were repurchased, involving an amount of 0.109 billion yuan, with a repurchase price ranging from 14.23 yuan to 14.04 yuan.

$CHINAHONGQIAO (01378.HK)$On April 3, 3.59 million ordinary shares were repurchased, involving an amount of 52.9845 million HKD, with a repurchase price ranging from 15.1 HKD to 14.36 HKD.

Since the repurchase authorization resolution, the cumulative number of repurchased securities is 48.3545 million shares, accounting for 0.51% 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:

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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.

The translation is provided by third-party software.


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