According to HKEx disclosure documents on May 3,$HANG SENG BANK (00011.HK)$,$SWIRE PACIFIC A (00019.HK)$Wait for the shares to be repurchased.
① $HANG SENG BANK (00011.HK)$On May 2, 450,000 common shares were repurchased, involving an amount of HK$47.1617 million. The repurchase price for each share ranged from HK$105.4 to HK$102.9.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 7.984 million shares, accounting for 0.418% of the number of shares issued when the ordinary resolution was passed.
② $SWIRE PACIFIC A (00019.HK)$287,500 common shares were repurchased on May 2, involving an amount of HK$18.967,900. The repurchase price for each share ranged from HK$66.75 to HK$65.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 20.383,500 shares, accounting for 2.379% of the number of shares issued when the ordinary resolution was passed.
③ $STANCHART (02888.HK)$On May 1, 1,094 million common shares were repurchased, involving an amount of £7.6313 million. The repurchase price for each share ranged from £7.02 to £6.91.
④ $JF WEALTH (09636.HK)$490,000 common shares were repurchased on May 2, involving an amount of HK$5,521 million. The repurchase price for each share ranged from HK$11.38 to HK$11.14.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 8.4975 million shares, accounting for 1.823% of the number of shares issued when the ordinary resolution was passed.
⑤ $BANK OF E ASIA (00023.HK)$343,800 common shares were repurchased on May 2, involving an amount of HK$3.4712 million. The repurchase price for each share ranged from HK$10.12 to HK$999.
The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 35.3682 million shares, accounting for 1.322% of the number of shares issued when the ordinary resolution was passed.
See the chart below for details on share repurchases of listed companies:
What is a stock buyback?
Stock repurchase refers to the act of a listed company using cash or the like to repurchase a certain amount of shares issued by the company from the stock market. The company may cancel the repurchased shares after the stock repurchase is completed. This will reduce the number of stocks that are out of circulation by enterprises, thereby achieving positive effects such as market value management, equity incentives, and stabilizing stock prices.