Tencent's Massive Repurchases in Hong Kong Stock Market

Tencent's Cumulative Repurchases: HK$88.3 Billion in the First Three Quarters of 2024 (TapTechNews note: Currently about RMB 80.052 billion). In the third quarter, Tencent's repurchase amount reached HK$35.9 billion (currently about RMB 32.546 billion). Tencent has cumulatively repurchased 250 million shares in the first three quarters of this year, with 93 actions, and the repurchase volume is nearly twice that of the previous year.

The HK$88.3 billion repurchase scale also makes Tencent firmly the King of Repurchases in the Hong Kong stock market. Since this year, the repurchase amount in the Hong Kong stock market has exceeded HK$210 billion, exceeding that of the whole year of 2022 and 2023. Repurchases by listed companies not only help boost investor confidence but also enhance shareholder returns.

Tencent actively chose to cancel all the repurchased shares. Public trading information shows that Tencent has reduced 330 million shares since 2021, and the total share capital has gradually decreased from 9.61 billion shares in 2021 to the current 9.28 billion shares.