According to a disclosure document released by the Hong Kong Exchange on January 5, $TENCENT (00700.HK)$、$SHOUCHENG (00697.HK)$and others repurchased shares.
① $TENCENT (00700.HK)$On January 2, 1.029 million ordinary shares were repurchased, involving an amount of HKD 636 million, with the repurchase price per share ranging from HKD 624 to HKD 600.5.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 103 million shares, representing 1.121% of the total number of shares issued at the time the ordinary resolution was passed.
② $SHOUCHENG (00697.HK)$On January 2, 9.182 million ordinary shares were repurchased, involving an amount of HKD 19.9915 million, with the repurchase price per share ranging from HKD 2.19 to HKD 2.13.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 113 million shares, representing 1.545% of the total number of shares issued at the time the ordinary resolution was passed.
③ $HBM HOLDINGS-B (02142.HK)$On January 2, 500,000 ordinary shares were repurchased, involving an amount of HKD 6.0134 million, with the repurchase price per share ranging from HKD 12.12 to HKD 11.78.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 7.6 million shares, representing 0.92% of the total number of shares issued at the time the ordinary resolution was passed.
④ $STANCHART (02888.HK)$On December 31, 294,200 ordinary shares were repurchased, involving an amount of GBP 5.3702 million, with the repurchase price per share ranging from GBP 18.31 to GBP 18.22.
⑤ $BEKE-W (02423.HK)$On January 2, 939,000 dual-class shares were repurchased, involving an amount of USD 5 million, with the repurchase price per share ranging from USD 5.45 to USD 5.24.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 90.5118 million shares, representing 2.513% of the total number of shares issued at the time the ordinary resolution was passed.
For details on the share repurchases by listed companies, please refer to the chart below:
What is a stock repurchase?
A stock repurchase refers to the act by which a listed company uses cash or other means to buy back a certain number of its own shares that are outstanding in the stock market. After completing the stock repurchase, the company may cancel the repurchased shares. This will reduce the number of shares outstanding in circulation, achieving positive effects such as market capitalization management, equity incentives, and stabilizing stock prices.
