According to a disclosure document released by the Hong Kong Exchange on January 16,$TENCENT (00700.HK)$、$XIAOMI-W (01810.HK)$and other share repurchases.
① $TENCENT (00700.HK)$On January 15, it repurchased 1.017 million ordinary shares at a total cost of HKD 636 million, with repurchase prices ranging from HKD 632 to HKD 619 per share.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased amounts to 112 million shares, representing 1.221% of the total number of issued shares as of the date of the ordinary resolution's passage.
② $XIAOMI-W (01810.HK)$On January 15, it repurchased 3.9 million dual-class shares at a total cost of HKD 148 million, with repurchase prices ranging from HKD 37.92 to HKD 37.86 per share.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased amounts to 178 million shares, representing 0.69% of the total number of issued shares as of the date of the ordinary resolution's passage.
③ $SUNNY OPTICAL (02382.HK)$On January 15, it repurchased 1.2 million ordinary shares at a total cost of HKD 79.0126 million, with repurchase prices ranging from HKD 66.45 to HKD 65.25 per share.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased amounts to 5.9 million shares, representing 0.539% of the total number of issued shares as of the date of the ordinary resolution's passage.
④ $GIANT BIOGENE (02367.HK)$On January 15, it repurchased 400,000 ordinary shares at a total cost of HKD 14.3467 million, with repurchase prices ranging from HKD 36.1 to HKD 35.44 per share.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased amounts to 8.8 million shares, representing 0.822% of the total number of issued shares as of the date of the ordinary resolution's passage.
⑤ $AAC TECH (02018.HK)$On January 15, it repurchased 300,000 ordinary shares at a total cost of HKD 11.8522 million, with repurchase prices ranging from HKD 40 to HKD 38.98 per share.
Since the resolution authorizing the repurchase, a cumulative total of 7.917 million shares have been repurchased, representing 0.674% of the number of issued shares at the time the ordinary resolution was passed.
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.
