According to the documents disclosed by HKEX on June 13,$TENCENT (00700.HK)$、$HSBC HOLDINGS (00005.HK)$and other repurchased shares.
① $TENCENT (00700.HK)$on June 12, 0.975 million ordinary shares were repurchased, involving an amount of 0.5 billion Hong Kong dollars, with the repurchase price ranging from 518 Hong Kong dollars to 508 Hong Kong dollars.
Since the decision to authorize the repurchase, the total number of shares repurchased has been 18.606 million shares, accounting for 0.202% of the number of shares issued at the time the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$On June 11, 1.0892 million ordinary shares were repurchased, involving an amount of 0.102 billion HKD, with a repurchase price ranging from 93.9 HKD to 93.15 HKD per share.
③ $MIDEA GROUP (00300.HK)$On June 12, 2.762 million A shares were repurchased, involving an amount of 0.2 billion yuan, with a repurchase price ranging from 72.65 yuan to 71.65 yuan per share.
④ $HSBC HOLDINGS (00005.HK)$On June 11, 5.6968 million ordinary shares were repurchased, involving an amount of 49.9928 million British Pound, with a repurchase price per share ranging from 8.85 British Pound to 8.73 British Pound.
⑤ $AIA (01299.HK)$On June 12, 0.65 million ordinary shares were repurchased, involving an amount of 44.9605 million HKD, with a repurchase price per share ranging from 69.6 HKD to 68.75 HKD.
Since the repurchase authorization resolution, the total number of securities repurchased is 53.116 million shares, accounting for 0.497% of the shares issued at the time of the ordinary resolution's approval.
Detailed information on the company's share repurchase can be seen in the image below:
What is a Stock Buyback?
A stock buyback refers to the action of a listed company using Cash / Money Market and other means to repurchase a certain amount of its own shares from the stock market. After the stock buyback is completed, the company can cancel the repurchased shares. This will reduce the number of shares circulating outside the company, thereby achieving Market Cap management, equity incentives, price stabilization, and other positive effects.
