Summary by Moomoo AI
Hang Seng Bank Limited submitted a new Next Day Disclosure Return on July 18, 2024, disclosing its share buyback activities. The report shows that, between July 2 and July 18, 2024, Hang Seng Bank repurchased a total of 2,600,000 ordinary shares on the main board of The Stock Exchange of Hong Kong Limited, for cancellation but not yet cancelled. The average price range of the repurchased shares was between HKD 98.68 and HKD 103. The buyback was made under a general mandate granted by a resolution passed at the annual general meeting of shareholders on May 8, 2024, which authorized the company to repurchase up to 10% of the issued ordinary shares. As of July 18, 2024, Hang Seng Bank has repurchased 0.6555% of the issued shares under this mandate. The company confirms that all the buyback activities are in compliance with the relevant listing rules and legal requirements, and have been authorized by the board of directors.