According to the documents disclosed by HKEX on June 16,$TENCENT (00700.HK)$、$HSBC HOLDINGS (00005.HK)$and other repurchased shares.
① $TENCENT (00700.HK)$On June 13, 0.982 million shares of common stock were repurchased, involving an amount of 0.5 billion Hong Kong dollars, with a repurchase price ranging from 515 Hong Kong dollars to 506.5 Hong Kong dollars.
Since the repurchase authorization resolution, the total number of repurchased securities amounts to 19.588 million shares, accounting for 0.213% of the number of shares issued when the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$On June 12, 3.436 million ordinary shares were repurchased, involving an amount of 0.319 billion HKD, with a repurchase price ranging from 93.3 HKD to 92.65 HKD per share.
③ $AIA (01299.HK)$On June 13, 2.5 million ordinary shares were repurchased, involving an amount of 0.173 billion HKD, with a repurchase price ranging from 69.85 HKD to 68.6 HKD per share.
Since the repurchase authorization resolution, the total number of repurchased securities amounts to 55.616 million shares, accounting for 0.52% of the number of shares issued when the ordinary resolution was passed.
④ $MIDEA GROUP (00300.HK)$On June 13, 1.958 million A-shares were repurchased, involving an amount of 0.14 billion yuan, with a repurchase price ranging from 72.08 yuan to 71.04 yuan.
⑤ $GTHT (02611.HK)$On June 13, 3.8 million A-shares were repurchased, involving an amount of 69.3106 million yuan, with a repurchase price ranging from 18.42 yuan to 18.11 yuan.
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.
