① The original premium income of the China Reinsurance subsidiary exceeded 40 billion yuan during the year. What are the highlights? ② Gushengtang plans to repurchase up to HK$0.2 billion. Which other companies are making big repurchases?
Financial Services Association, November 22 (Editor: Feng Yi) Financial Association brings you today's important announcements on Hong Kong stocks
1) Company news
China Reinsurance (01508.HK): The total original premium income of the subsidiary China Dadi Financial Insurance in the first 10 months was about 42.67 billion yuan.
Duoxiangyun (06696.HK): Liu Jianhui, the controlling shareholder, sold a total of 0.3 billion company shares to four independent third parties, and his shareholding fell to 23.73%.
China Oriental Group (00581.HK): The sales volume of self-produced steel products in the third quarter was about 1.7 million tons, gross profit was about 50-100 yuan per ton, and operating profit after net financial costs was about 57 million yuan.
Yingda Highway Renewal Technology (06888.HK): The subsidiary plans to sell 55% of the issued shares of Tianjin Expressway Maintenance for 71.1 million.
Nanxuan Holdings (01982.HK): Announces interim results for the six months ended September 30, 2024, with revenue of HK$2.786 billion, up 2.2% year on year; net profit of HK$0.298 billion, up 3.1% year on year.
Tak Hsiang Real Estate (00199.HK) issued a profit warning. The net loss for the medium term is expected to be no less than HK$0.5 billion.
2) Repurchase news
Gushengtang (02273.HK): Resolved to exercise a repurchase authorization to repurchase shares up to HK$0.2 billion.
Tencent Holdings (00700.HK): spent approximately HK$0.702 billion to repurchase 1.73 million shares at a repurchase price of 399.8-412.2
Alibaba-W (09988.HK): spent $39.9927 million to repurchase 3.7272 million shares at a repurchase price of $10.68-10.86.
HSBC Holdings (00005.HK): Repurchase 2.6232 million shares at HK$0.187 billion at a repurchase price of HK$71.2-71.6.
China Petroleum & Chemical Co., Ltd. (00386.HK): Spent HK$43.385 million to repurchase 10.5 million shares at a repurchase price of HK$4.09-4.19.
China Petroleum & Chemical Co., Ltd. (00386.HK): Completed the repurchase of approximately 0.13 billion shares, involving approximately 0.816 billion yuan.
