According to a disclosure document released by the Hong Kong Exchange on February 9,$KINGSOFT (03888.HK)$、$GEELY AUTO (00175.HK)$and other share repurchases.
① $KINGSOFT (03888.HK)$On February 6, 1,114,200 ordinary shares were repurchased at a total cost of HKD 29,999,400, with the repurchase price ranging between HKD 27 and HKD 26.8 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 15,003,800 shares, representing 1.07% of the issued share capital as of the date of the ordinary resolution.
② $GEELY AUTO (00175.HK)$On February 6, 1,665,000 ordinary shares were repurchased at a total cost of HKD 27,161,200, with the repurchase price ranging between HKD 16.44 and HKD 15.94 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 70,814,000 shares, representing 0.702% of the issued share capital as of the date of the ordinary resolution.
③ $XIAOMI-W (01810.HK)$On February 6, 750,000 dual-class shares were repurchased at a total cost of HKD 26,208,000, with the repurchase price ranging between HKD 35 and HKD 34.76 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 229 million shares, representing 0.88% of the issued share capital as of the date of the ordinary resolution.
④ $CHINA COMM CONS (01800.HK)$On February 6, 1,252,400 A-shares were repurchased at a total cost of CNY 10,199,400, with the repurchase price ranging between CNY 8.17 and CNY 8.12 per share.
⑤ $YIDU TECH (02158.HK)$On February 6, 1,600,800 ordinary shares were repurchased at a total cost of HKD 9,008,200, with the repurchase price ranging between HKD 5.73 and HKD 5.52 per share.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 16,694,700 shares, representing 1.568% of the issued share capital as of the date 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 publicly 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 can cancel the repurchased shares. This will reduce the number of shares outstanding, thereby achieving positive effects such as market value management, equity incentives, and stabilizing share prices.
