Summary by Moomoo AI
On 29 November 2024, AIA completed a series of share repurchase plans, repurchasing 7,000,000 shares on the same day at a buyback price of HKD 57.8 to 58.7 per share, with a total value of approximately HK$407,676,283. The repurchase is pursuant to a repurchase authorization approved on May 24, 2024, for a total number of 1,123,506,576 shares. As of November 29, AIA had repurchased 402,034,000 shares on the Hong Kong Stock Exchange, representing 3.5783% of the total number of warrants.During the November buyback, AIA Insurance repurchased shares on several trading days, with a single-day repurchase ranging from 992,800 shares to 7,807,000 shares, with a buyback between HKD 56.98 and 62.60. These shares will be subject to write-off and are not held in stock. This repurchase activity complies with the relevant regulations of the HKEx and has been reported to the exchange.Looking ahead, AIA will suspend any new share issuance or stock sale plans until December 29, 2024, following the completion of this repurchase. The move is aimed at optimizing the capital structure and increasing shareholder value.