According to a disclosure document released by the Hong Kong Exchange on November 5,$CHINA FEIHE (06186.HK)$、$COSCO SHIP HOLD (01919.HK)$and others repurchased shares.
① $CHINA FEIHE (06186.HK)$Midea Group repurchased 18 million ordinary shares on November 4, involving an amount of HKD 76.1084 million, with the repurchase price per share ranging from HKD 4.26 to HKD 4.21.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased has reached 55.579 million shares, representing 0.613% of the total number of shares issued at the time of the ordinary resolution's passage.
② $COSCO SHIP HOLD (01919.HK)$On November 4, 4.5 million H-shares were repurchased at a total cost of HKD 61.705 million, with the repurchase price ranging from HKD 13.96 to HKD 13.60 per share.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased amounts to 9 million shares, representing 0.313% of the total number of shares issued at the time of the ordinary resolution's passage.
③ $SF HOLDING (06936.HK)$On November 4, 2.5061 million A-shares were repurchased at a total cost of CNY 100 million, with the repurchase price ranging from CNY 39.99 to CNY 39.72 per share.
④ $MIDEA GROUP (00300.HK)$On November 4, 1.3248 million A-shares were repurchased at a total cost of CNY 99.9933 million, with the repurchase price ranging from CNY 75.78 to CNY 74.91 per share.
⑤ $CIMC (02039.HK)$On November 4, 5.0813 million A-shares were repurchased at a total amount of RMB 39.9996 million, with the repurchase price per share ranging from RMB 7.9 to RMB 7.85.
For details on the share repurchases by listed companies, please refer to the chart below:
What is a stock buyback?
A stock buyback refers to the action taken by a publicly traded company to repurchase a certain number of its own shares from the stock market using cash or other means. After completing the buyback, the company can cancel the repurchased shares. This reduces the number of shares in circulation, thereby achieving positive effects such as market capitalization management, equity incentives, and stabilizing the stock price.
