Summary by Moomoo AI
On July 9, 2024, Meituan submitted its disclosure report for the following day, disclosing the company's share repurchase situation. According to the report, Meituan repurchased 4,370,400 shares of Class B common stock on the same day, with a repurchase price ranging from HKD 112.6 to HKD 115.8 per share, totaling approximately HKD 499,946,226.48. The batch of shares will be held as inventory shares rather than cancelled. Following the repurchase, Meituan's issued shares decreased to 5,564,036,460 shares, while inventory shares increased to 60,873,200 shares. The company confirmed that this repurchase complies with relevant regulations of the Main Board Listing Rules of The Stock Exchange of Hong Kong Limited and that there is no significant change. In addition, Meituan will suspend any new share issuance or inventory share resale or transfer activities within 30 days after the repurchase, i.e. until August 8, 2024.
