Tencent Technologies News, September 13, according to the announcement of the Hong Kong Stock Exchange, Tencent Holdings repurchased 124,000 shares of the company, involving 39.5 million Hong Kong dollars. Buy shares for fifth days in a row. Tencent holdings rose nearly 5% today.
Tencent Holdings bought back 125,000 shares for the fourth consecutive day at a cost of 38.6 million Hong Kong dollars, according to the HKEx announcement on September 12.
Earlier, on September 11, Tencent Holdings bought back 126,000 shares at a repurchase price of HK $307.6-313.6 for nearly HK $39m.
On September 10, Tencent Holdings announced a repurchase of 124,000 shares at a repurchase price of HK$321.2-312 at HK$39.108 million on September 10, 2008. The repurchase shares accounted for about 0.0015% of the company's existing issued equity.
A Tencent spokesman said the buyback reflects our confidence in the company's fundamentals and the long-term value of its business.