Summary by Moomoo AI
Sinopec Corp (referred to as "Sinopec") submitted the disclosure report for the next day on September 24, 2024, disclosing its shareholding changes. The report shows that from September 16 to 24, 2024, Sinopec repurchased a total of 85,192,000 H shares through the Hong Kong Stock Exchange, accounting for 0.35% of its issued H shares. The average repurchase price ranged from HKD 4.38 to HKD 4.68. At the same time, the company repurchased 7,490,800 A shares on the Shanghai Stock Exchange, accounting for 0.008% of its issued A shares. The average repurchase price ranged from RMB 6.26 to RMB 6.37. This action was based on the general authorization obtained by the company on June 28, 2024, which allows the company to repurchase up to 10% of the total issued shares. After the repurchase, Sinopec will enter a moratorium period on new share issuance or further sale or transfer of treasury shares until October 24, 2024.
