According to the disclosure document of the Hong Kong Exchange on January 7,$TENCENT (00700.HK)$、$XIAOMI-W (01810.HK)$and other share repurchases.
① $TENCENT (00700.HK)$On January 6, it repurchased 1.003 million ordinary shares at a total cost of HKD 636 million, with the repurchase price ranging from HKD 638 to HKD 626.5 per share.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased has reached 105 million shares, representing 1.143% of the total number of shares issued at the time of the ordinary resolution's passage.
② $XIAOMI-W (01810.HK)$On January 6, it repurchased 3.85 million dual-class shares at a total cost of HKD 1.5 billion, with the repurchase price ranging from HKD 38.9 to HKD 38.86 per share.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased has reached 153 million shares, representing 0.59% of the total number of shares issued at the time of the ordinary resolution's passage.
③ $GIANT BIOGENE (02367.HK)$On January 6, it repurchased 400,000 ordinary shares at a total cost of HKD 13.67 million, with the repurchase price ranging from HKD 34.48 to HKD 33.84 per share.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased has reached 6 million shares, representing 0.56% of the total number of shares issued at the time of the ordinary resolution's passage.
④ $STANCHART (02888.HK)$On January 5, it repurchased 535,900 ordinary shares at a total cost of GBP 9.96 million, with the repurchase price ranging from GBP 18.75 to GBP 18.47 per share.
⑤ $WEIGAO GROUP (01066.HK)$On January 6, 1.5948 million H-shares were repurchased at a total amount of HKD 8.2233 million, with the repurchase price per share ranging between HKD 5.23 and HKD 5.01.
Since the resolution on the repurchase mandate, the cumulative number of securities repurchased has reached 26.01 million shares, representing 5.76% of the issued share capital at the time of the passing of the ordinary resolution.
For detailed information on listed companies' share repurchases, 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.
