According to a disclosure document published by the Hong Kong Exchange on January 6,$TENCENT (00700.HK)$、$XIAOMI-W (01810.HK)$and others repurchased shares.
① $TENCENT (00700.HK)$on January 5, it repurchased 1,018,000 ordinary shares at a total cost of HKD 636 million, with repurchase prices ranging from HKD 627.5 to HKD 617 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased has reached 104 million shares, representing 1.132% of the total number of shares issued at the time of the general resolution's approval.
② $XIAOMI-W (01810.HK)$On January 5, it repurchased 3.8 million dual-class shares at a total cost of HKD 149 million, with repurchase prices ranging from HKD 39.32 to HKD 39.22 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased has reached 150 million shares, representing 0.58% of the total number of shares issued at the time of the general resolution's approval.
③ $GEELY AUTO (00175.HK)$On January 5, it repurchased 3.42 million ordinary shares at a total cost of HKD 60.3147 million, with repurchase prices ranging from HKD 17.9 to HKD 17.52 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased has reached 25.854 million shares, representing 0.256% of the total number of shares issued at the time of the general resolution's approval.
④ $NOVOSENSE (02676.HK)$On January 5, it repurchased 256,400 A-shares at a total cost of RMB 41.4245 million, with repurchase prices ranging from RMB 163.2 to RMB 160.2 per share.
⑤ $GIANT BIOGENE (02367.HK)$On January 5, it repurchased 400,000 ordinary shares at a total cost of HKD 13.5816 million, with repurchase prices ranging from HKD 34.28 to HKD 33.74 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased has reached 5.6 million shares, representing 0.523% of the total number of shares issued at the time of the general resolution's approval.
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.
