According to a disclosure document released by the Hong Kong Exchange on March 2, $XIAOMI-W (01810.HK)$、$GEELY AUTO (00175.HK)$and other share repurchases.
① $XIAOMI-W (01810.HK)$On February 27, a total of 2,858,200 dual-class shares were repurchased, involving an amount of HKD 99,997,300. The repurchase price per share ranged from HKD 35.04 to HKD 34.92.
Since the resolution authorizing the share repurchase, the cumulative number of securities repurchased amounts to 254 million shares, representing 0.98% of the total number of issued shares at the time the ordinary resolution was passed.
② $GEELY AUTO (00175.HK)$On February 27, a total of 3,673,000 ordinary shares were repurchased, involving an amount of HKD 59,432,700. The repurchase price per share ranged from HKD 16.3 to HKD 16.1.
Since the resolution authorizing the share repurchase, the cumulative number of securities repurchased amounts to 94,560,000 shares, representing 0.938% of the total number of issued shares at the time the ordinary resolution was passed.
③ $FOSUN INTL (00656.HK)$On February 27, a total of 13,027,000 ordinary shares were repurchased, involving an amount of HKD 48,235,400. The repurchase price per share ranged from HKD 3.8 to HKD 3.63.
Since the resolution authorizing the share repurchase, the cumulative number of securities repurchased amounts to 13,027,000 shares, representing 0.159% of the total number of issued shares at the time the ordinary resolution was passed.
④ $J&T EXPRESS-W (01519.HK)$On February 27, a total of 2,270,000 dual-class shares were repurchased, involving an amount of HKD 23,315,400. The repurchase price per share ranged from HKD 10.31 to HKD 10.21.
Since the resolution authorizing the share repurchase, the cumulative number of securities repurchased amounts to 11,046,000 shares, representing 0.124% of the total number of issued shares at the time the ordinary resolution was passed.
⑤ $NETEASE MUSIC (09899.HK)$On February 27, 97,200 ordinary shares were repurchased at a total cost of HKD 14.9959 million, with the repurchase price ranging between HKD 158 and HKD 151.2 per share.
Since the resolution authorizing share repurchases, the cumulative number of securities repurchased amounts to 848,300 shares, representing 0.39% of the total 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.
