Tencent Holdings (HKG:0700) achieved about 90% of its HK$100 billion share repurchase target by buying back 1.6 million shares for about HK$700 million, according to a Hong Kong bourse filing on Thursday.
The current total of annual buy backs stands at HK$89 billion, the Yicai reported separately. The fintech company is trying to double its share buyback from the previous year.
The Shenzhen-based company had a total of 9.28 billion shares as of Oct. 9.
Price (HKD): $438.80, Change: $+4.6, Percent Change: +1.06%
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