According to a document disclosed by HKEX on June 20,$TENCENT (00700.HK)$、$HSBC HOLDINGS (00005.HK)$and other repurchased shares.
① $TENCENT (00700.HK)$on June 19, 1.002 million ordinary shares were repurchased, involving an amount of 0.5 billion HKD, with the repurchase price ranging from 506 HKD to 496.2 HKD per share.
Since the repurchase authorization resolution, a total of 23.545 million shares have been repurchased, accounting for 0.256% of the number of shares issued at the time the ordinary resolution was passed.
② $HSBC HOLDINGS (00005.HK)$On June 18, 3.2656 million ordinary shares were repurchased, involving an amount of 0.3 billion Hong Kong dollars, with the repurchase price per share ranging from 92.05 Hong Kong dollars to 91.55 Hong Kong dollars.
③ $MIDEA GROUP (00300.HK)$On June 16, 1.823 million A shares were repurchased, involving an amount of 0.13 billion yuan, with the repurchase price per share ranging from 71.75 yuan to 70.87 yuan.
④ $MIDEA GROUP (00300.HK)$On June 19, a repurchase of 1.396 million A-shares was made, involving an amount of 99.9456 million yuan, with a repurchase price ranging from 71.84 yuan to 71.2 yuan.
⑤ $AIA (01299.HK)$On June 19, a repurchase of 1.4 million ordinary shares was made, involving an amount of 94.0997 million HKD, with a repurchase price ranging from 68.25 HKD to 66.6 HKD.
Since the repurchase authorization resolution, a total of 69.227 million shares have been repurchased, accounting for 0.647% of the number of shares issued at the time the ordinary resolution was passed.
Detailed information on the company's share repurchase can be seen in the image below:
What is a Stock Buyback?
A stock buyback refers to the action of a listed company using Cash / Money Market and other means to repurchase a certain amount of its own shares from the stock market. After the stock buyback is completed, the company can cancel the repurchased shares. This will reduce the number of shares circulating outside the company, thereby achieving Market Cap management, equity incentives, price stabilization, and other positive effects.
