Summary by Moomoo AI
On July 3, 2024, Meituan submitted its disclosure report, revealing details of its share repurchase activity. According to the report, Meituan repurchased 4,332,300 Class B ordinary shares on July 3, 2024, at a repurchase price per share between HKD 112.6 and HKD 117.2, with a total consideration of HKD 499,956,084.6. After the repurchase, Meituan's issued shares decreased to 5,581,024,302 shares, while treasury shares increased to 43,875,700 shares. The share repurchase was carried out under the authorization passed at the shareholders' meeting on June 14, 2024, and within 30 days after the repurchase, that is, until August 2, 2024, Meituan will not issue any new shares or sell or transfer treasury shares. The report was submitted by the joint company secretary, Xu Sijia.