According to a disclosure document released by the Hong Kong Exchange on February 26,$XIAOMI-W (01810.HK)$、$GEELY AUTO (00175.HK)$and other share repurchases.
① $XIAOMI-W (01810.HK)$On February 25, a total of 2.8094 million dual-class shares were repurchased, involving an amount of HKD 99.9969 million, with per-share repurchase prices ranging from HKD 35.74 to HKD 35.52.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased has reached 248 million shares, accounting for 0.96% of the total issued shares at the time of the ordinary resolution's approval.
② $GEELY AUTO (00175.HK)$On February 25, a total of 1.418 million ordinary shares were repurchased, involving an amount of HKD 23.7638 million, with per-share repurchase prices ranging from HKD 16.99 to HKD 16.62.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased has reached 87.046 million shares, accounting for 0.863% of the total issued shares at the time of the ordinary resolution's approval.
③ $PHANCY (06682.HK)$On February 25, a total of 540,400 H-shares were repurchased, involving an amount of HKD 21.8795 million, with per-share repurchase prices ranging from HKD 41.40 to HKD 39.84.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased has reached 540,400 shares, accounting for 0.11% of the total issued shares at the time of the ordinary resolution's approval.
④ $ZTO EXPRESS-W (02057.HK)$On February 24, a total of 617,800 dual-class shares were repurchased, involving an amount of USD 15.4706 million, with per-share repurchase prices ranging from USD 25.21 to USD 24.67.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased has reached 15.068 million shares, accounting for 1.873% of the total issued shares at the time of the ordinary resolution's approval.
⑤ $NETEASE MUSIC (09899.HK)$On February 25, a total of 93,700 ordinary shares were repurchased, involving an amount of HKD 14.9989 million, with per-share repurchase prices ranging from HKD 162.40 to HKD 158.10.
Since the resolution authorizing the repurchase, a cumulative total of 653,200 shares have been repurchased, representing 0.301% of the number of shares issued 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 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.
