Summary by Moomoo AI
On November 26, 2024, AIA disclosed its share repurchase plan to repurchase more than 70 million shares between November 1 and November 26, which were intended to be written off but have not yet been written off. THE REPURCHASE PRICE RANGES FROM HKD 56.6 TO HKD 62.6 PER SHARE, WITH A TOTAL EXPENDITURE OF APPROXIMATELY HK$60,964,290.29. These repurchases account for 0.0682% of the company's issued shares.Under the repurchase authorization, AIA may repurchase up to 1,123,506,576 shares. 379,466,000 shares have been repurchased so far, representing 3.3775% of the total number of warrants. The repurchase authorization was approved on May 24, 2024. The Company confirms that all repurchases comply with the relevant provisions of the HKEx.Looking ahead, AIA will suspend any IPO or sale of stock shares until December 26, 2024. This buyback program shows the company's confidence in its share price and may have a positive impact on future shareholder returns.