$TENCENT (00700.HK)$ Finance | Tencent repurchased shares 12...

$TENCENT (00700.HK)$ Finance | Tencent bought back shares 129 times in 2024, involving 112 billion yuan.

Tencent (00700) stated that the at least hundred billion repurchase plan promised at the beginning of 2024 was successfully completed. As of December 31, 2024, Tencent made a total of 129 transactions throughout the year, repurchasing 0.307 billion shares, with a total amount of 112 billion yuan.

Tencent stated that while orderly implementing the hundred billion repurchase plan, the company actively chose to cancel all repurchased shares. The cancellation-type repurchase method significantly reduced Tencent's total share capital, helped increase earnings per share, and enhanced shareholder returns. By the end of 2024, Tencent's total share capital had decreased to 9.22 billion, reaching the lowest level in the past 10 years.

Tencent's repurchase amounts for each quarter last year were 14.835 billion yuan, 37.515 billion yuan, 35.913 billion yuan, and 23.739 billion yuan, with a daily average repurchase amount of 0.868 billion yuan. Moving into 2025, Tencent's repurchase momentum has not stopped, repurchasing 1.68 million shares on January 2, costing approximately 0.7 billion yuan.