Movement Alert｜BEKE-W Intraday Decline 3.01% in Regular Trading, latest disclosure shows continued share repurchases

Market Focus10-22

On October 22, BEKE-W fell 3.01% in Regular Trading, trading at HK$45.28, with turnover of HK$20.58 million.

The most recent company update showed continued buybacks: BEKE disclosed that on October 20 it repurchased 393,852 Class A ordinary shares on the New York Stock Exchange for about US$2.35 million, at US$5.93 to US$6.00 per share.

Background filings also showed the company had just completed the cancellation of about 19.22 million repurchased shares on October 20, covering shares bought in the US and Hong Kong markets, while 754,837 Class B ordinary shares were converted into Class A ordinary shares. Under the repurchase mandate approved on June 12, cumulative repurchases had reached 46.23 million shares after the latest transaction, about 1.335% of shares outstanding on the authorization date.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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