Summary by Moomoo AI
Hang Seng Bank Limited submitted a new next day disclosure report on July 24, 2024, disclosing its share buyback situation. According to the report, Hang Seng Bank repurchased a total of 3,400,000 ordinary shares through the main board rules of The Stock Exchange of Hong Kong Limited between July 2 and July 24, 2024, for cancellation but not yet cancelled. The repurchased shares accounted for approximately 0.1791% of the issued shares, with a repurchase price range of HKD 98.68 to HKD 102.3071 per share and a total price of approximately HKD 344,652,120. In addition, Hang Seng Bank confirmed that all repurchases were carried out in accordance with relevant regulations and laws and had obtained formal authorization from the board of directors. The repurchase authorization was approved at the shareholder's annual general meeting on May 8, 2024, allowing the repurchase of up to 10% of the issued ordinary shares before the end of the 2025 shareholder's annual general meeting.