According to a disclosure document released by the Hong Kong Exchange on January 15,$TENCENT (00700.HK)$、$XIAOMI-W (01810.HK)$and other share repurchases.
① $TENCENT (00700.HK)$On January 14, Tencent repurchased 1.006 million ordinary shares at a total cost of HKD 636 million, with the repurchase price ranging from HKD 626 to HKD 638 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased has reached 111 million shares, representing 1.21% of the total issued shares at the time of the resolution's approval.
② $XIAOMI-W (01810.HK)$On January 14, Xiaomi Group repurchased 4 million dual-class shares at a total cost of HKD 151 million, with the repurchase price ranging from HKD 37.72 to HKD 37.8 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased has reached 174 million shares, representing 0.67% of the total issued shares at the time of the resolution's approval.
③ $SUNNY OPTICAL (02382.HK)$On January 14, Sunny Optical repurchased 1.14 million ordinary shares at a total cost of HKD 74.4117 million, with the repurchase price ranging from HKD 64.05 to HKD 66.15 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased has reached 4.7 million shares, representing 0.429% of the total issued shares at the time of the resolution's approval.
④ $GIANT BIOGENE (02367.HK)$On January 14, Giant Biogene repurchased 400,000 ordinary shares at a total cost of HKD 14.15 million, with the repurchase price ranging from HKD 35.1 to HKD 35.8 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased has reached 8.4 million shares, representing 0.784% of the total issued shares at the time of the resolution's approval.
⑤ $STANCHART (02888.HK)$On January 13, Tencent repurchased 541,700 ordinary shares at a total cost of GBP 9.8928 million, with the repurchase price ranging from GBP 18.17 to GBP 18.35 per share.
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.
