According to a document disclosed by the HKEX on April 8,$TENCENT (00700.HK)$、$KUAISHOU-W (01024.HK)$and others repurchased shares.
① $TENCENT (00700.HK)$on April 7, a total of 1.35 million ordinary shares were repurchased, involving an amount of 0.601 billion Hong Kong dollars, with the repurchase price ranging from 461.8 to 431.2 Hong Kong dollars per share.
Since the share buyback authorization resolution, the total number of shares repurchased amounts to 0.278 billion shares, accounting for 2.948% of the total shares issued at the time the ordinary resolution was passed.
② $KUAISHOU-W (01024.HK)$On April 7, 3.13 million shares of Weighted Voting Right Stocks were repurchased, involving an amount of 0.146 billion Hong Kong dollars, with a repurchase price ranging from 49.65 to 45.05 Hong Kong dollars per share.
Since the share buyback authorization resolution, the total number of shares repurchased amounts to 0.113 billion shares, accounting for 2.61% of the total shares issued at the time the ordinary resolution was passed.
③ $MNSO (09896.HK)$On April 7, 1.7934 million ordinary shares were repurchased, involving an amount of 52.4073 million Hong Kong dollars, with a repurchase price ranging from 31.45 to 28.5 Hong Kong dollars per share.
Since the Share Buyback authorization resolution, the cumulative number of repurchased securities is 12.8962 million shares, accounting for 1.024% of the total issued shares at the time the ordinary resolution was passed.
④ $CSPC PHARMA (01093.HK)$On April 7, 10.3 million ordinary shares were repurchased, involving an amount of 49.277 million Hong Kong dollars, with a repurchase price ranging from 4.86 Hong Kong dollars to 4.66 Hong Kong dollars per share.
Since the Share Buyback authorization resolution, the cumulative number of repurchased securities is 0.366 billion shares, accounting for 3.074% of the total issued shares at the time the ordinary resolution was passed.
⑤ $PACIFIC BASIN (02343.HK)$On April 7, 27.627 million ordinary shares were repurchased, involving an amount of 44.4541 million Hong Kong dollars, with a repurchase price ranging from 1.65 Hong Kong dollars to 1.52 Hong Kong dollars per share.
Since the Share Buyback authorization resolution, the cumulative number of repurchased securities is 0.202 billion shares, accounting for 3.833% of the number of 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.
