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On April 8, share repurchase collection | TENCENT, WUXI BIO, and others all repurchased shares, with TENCENT spending 0.601 billion HKD.

Futu News ·  Apr 9 09:40

According to documents disclosed by HKEX on April 9.$TENCENT (00700.HK)$$WUXI BIO (02269.HK)$and others repurchased shares.

$TENCENT (00700.HK)$on April 8, a share buyback of 1.364 million ordinary shares was conducted, involving an amount of 0.601 billion HKD, with the buyback price ranging from 449.6 HKD to 430.2 HKD.

Since the Share Buyback authorization resolution, the total number of shares repurchased is 0.279 billion shares, accounting for 2.962% of the number of shares issued when the ordinary resolution was passed.

$WUXI BIO (02269.HK)$On April 8, 14 million ordinary shares were repurchased, involving an amount of 0.249 billion HKD, with a repurchase price ranging from 17.94 HKD to 17.26 HKD per share.

Since the Share Buyback authorization resolution, the total number of shares repurchased is 72.113 million shares, accounting for 1.737% of the number of shares issued when the ordinary resolution was passed.

$ZIJIN MINING (02899.HK)$On April 8, 32.0297 million A-shares were repurchased, involving an amount of 0.5 billion yuan, with a repurchase price ranging from 15.89 yuan to 15.3 yuan per share.

$HSBC HOLDINGS (00005.HK)$On April 7, a total of 1.6 million ordinary shares were repurchased, involving an amount of 0.118 billion HKD, with the repurchase price per share ranging from 75.2 HKD to 72.25 HKD.

$SF HOLDING (06936.HK)$On April 7, a total of 2.499 million A-shares were repurchased, involving an amount of 0.101 billion RMB, with the repurchase price per share ranging from 41.2 RMB to 39.33 RMB.

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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