Chinese firms announce share buybacks on Oct 16
Briefing by News4U · First published
Several listed companies disclosed A-share and Hong-Kong share repurchases totaling hundreds of millions of yuan or Hong Kong dollars.
On October 16, Midea Group spent 130 million yuan to repurchase 1.5359 million A-shares, while CATL spent 61.0192 million yuan to buy back 222,000 A-shares. [2] [3]
On the same day, China Resources Enterprise spent HK$702,500 to repurchase 228,000 shares, China Want Want spent HK$8.887 million to repurchase 3.1 million shares, J&T Express-W spent about HK$15.8443 million to repurchase 1.71 million shares, Nayuki spent about HK$699,900 to repurchase 1 million shares, and Xiaomi Group-W spent about HK$50.7701 million to repurchase 1.9 million shares. [4] [5] [6] [7] [8]
Separately, Montage Technology’s independent director proposed a 300-500 million yuan A-share buyback program within three months for employee share plans. [1]
Sources
- 快讯
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