According to a disclosure filed by the Hong Kong Exchange on February 27,$XIAOMI-W (01810.HK)$、$GEELY AUTO (00175.HK)$and other share repurchases.
① $XIAOMI-W (01810.HK)$On February 26, it repurchased 2.8322 million dual-class shares at a total cost of HKD 99.9968 million, with the repurchase price per share ranging between HKD 35.42 and HKD 35.22.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 251 million shares, representing 0.97% of the issued share capital at the time the ordinary resolution was passed.
② $GEELY AUTO (00175.HK)$On February 26, it repurchased 3.841 million ordinary shares at a total cost of HKD 63.1177 million, with the repurchase price per share ranging between HKD 16.66 and HKD 16.31.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 90.887 million shares, representing 0.901% of the issued share capital at the time the ordinary resolution was passed.
③ $J&T EXPRESS-W (01519.HK)$On February 26, it repurchased 1.556 million dual-class shares at a total cost of HKD 15.646 million, with the repurchase price per share ranging between HKD 10.1 and HKD 10.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 8.776 million shares, representing 0.099% of the issued share capital at the time the ordinary resolution was passed.
④ $HENGRUI PHARMA (01276.HK)$On February 26, it repurchased 276,000 A-shares at a total cost of CNY 15.6303 million, with the repurchase price per share ranging between CNY 56.69 and CNY 56.61.
⑤ $ZTO EXPRESS-W (02057.HK)$On February 25, it repurchased 617,600 dual-class shares at a total cost of USD 15.2602 million, with the repurchase price per share ranging between USD 25.15 and USD 24.52.
Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 15.6856 million shares, representing 1.95% of the issued share capital 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.
