While Tencent is buying back shares
Posted: Sun Feb 16, 2025 7:15 am
Duan Yongping also mentioned Tencent and Moutai in his recent speech at his alma mater, Zhejiang University. He believes that both Tencent and Moutai are good companies and are doing well.
Duan Yongping recently repurchased about 300 million yuan of Kweichow Moutai that he bought. On December 27, 2024, Kweichow Moutai announced that it plans to repurchase the company's shares through centralized bidding transactions. The repurchase amount will not be less than 3 billion yuan (inclusive) and not more than 6 billion yuan (inclusive) . The specific total amount of repurchase funds will be based on the total amount of funds actually used to repurchase shares when the repurchase plan is implemented or the repurchase period expires.
Data shows that in 2024, a total of 2,192 A-share companies implemented share repurchases, with a total repurchase amount of 158.613 billion yuan, setting a historical record high.
Since 2025, Tencent's stock price has fallen by more than 10% at australia telegram data one point. In the past two days, Tencent spent approximately HK$3.004 billion to repurchase 8.06 million shares of the company . On January 8, it spent HK$1.503 billion to repurchase 4.05 million shares of the company's stock, with a repurchase price of HK$366-379.2 per share; on January 9, it spent approximately HK$1.501 billion to repurchase 4.01 million shares of the company's stock, with a repurchase price of HK$365-379.2 per share.
It is also cashing out from the two companies it invested in. On January 9, documents from the Hong Kong Stock Exchange showed that Tencent Holdings' shareholding in WeMall Group fell from 8.39% to 2.94%; its shareholding in UBTECH Robotics decreased from 8.05% to 2.08%, cashing out a total of HK$1.67 billion.
In 2024, Tencent Holdings repurchased a total of 307 million shares for a total amount of HK$112 billion. Wind data statistics show that as of December 31, 2024, approximately 281 Hong Kong-listed companies carried out repurchases throughout the year, with a cumulative repurchase amount of HK$265.7 billion, a historical high, which is 1 times higher than the repurchase amount in 2023.
Duan Yongping recently repurchased about 300 million yuan of Kweichow Moutai that he bought. On December 27, 2024, Kweichow Moutai announced that it plans to repurchase the company's shares through centralized bidding transactions. The repurchase amount will not be less than 3 billion yuan (inclusive) and not more than 6 billion yuan (inclusive) . The specific total amount of repurchase funds will be based on the total amount of funds actually used to repurchase shares when the repurchase plan is implemented or the repurchase period expires.
Data shows that in 2024, a total of 2,192 A-share companies implemented share repurchases, with a total repurchase amount of 158.613 billion yuan, setting a historical record high.
Since 2025, Tencent's stock price has fallen by more than 10% at australia telegram data one point. In the past two days, Tencent spent approximately HK$3.004 billion to repurchase 8.06 million shares of the company . On January 8, it spent HK$1.503 billion to repurchase 4.05 million shares of the company's stock, with a repurchase price of HK$366-379.2 per share; on January 9, it spent approximately HK$1.501 billion to repurchase 4.01 million shares of the company's stock, with a repurchase price of HK$365-379.2 per share.
It is also cashing out from the two companies it invested in. On January 9, documents from the Hong Kong Stock Exchange showed that Tencent Holdings' shareholding in WeMall Group fell from 8.39% to 2.94%; its shareholding in UBTECH Robotics decreased from 8.05% to 2.08%, cashing out a total of HK$1.67 billion.
In 2024, Tencent Holdings repurchased a total of 307 million shares for a total amount of HK$112 billion. Wind data statistics show that as of December 31, 2024, approximately 281 Hong Kong-listed companies carried out repurchases throughout the year, with a cumulative repurchase amount of HK$265.7 billion, a historical high, which is 1 times higher than the repurchase amount in 2023.