Summary by Moomoo AI
Hang Seng Bank Limited submitted a new disclosure statement on August 15, 2024, disclosing its share repurchase situation. The report showed that Hang Seng Bank had made multiple repurchases of shares through the Main Board Rules of the Hong Kong Stock Exchange between August 1 and August 15, 2024 and planned to cancel these shares. The total number of repurchased shares was 2,228,000 shares, accounting for about 0.0121% of the issued shares. The average price range of the repurchased shares was between HKD 88.8888 and HKD 92.4727. Hang Seng Bank confirmed that these transactions had been formally authorized by its board of directors and complied with all applicable listing rules, laws, and other regulatory requirements. In addition, Hang Seng Bank was granted a general authorization at its annual general meeting of shareholders on May 8, 2024, allowing it to repurchase up to 10% of its ordinary shares before the end of the 2025 annual general meeting of shareholders. As of August 15, 2024, Hang Seng Bank had repurchased 16,602,600 shares in accordance with the authorization, accounting for 0.8694% of the total number of authorized repurchased shares.
