Meituan-W (03690) spent HKD 300 million to repurchase 2.5063 million shares on June 20th.

Meituan-W (03690) announced that it will spend HKD 300 million to repurchase 2.5063 million shares on June 20, 2024, at a repurchase price of HKD 118.9-120 per share. On the same day, 3,299 shares were issued as employees (excluding directors) exercised their stock purchase rights under the pre-IPO employee share incentive plan.

Zhitong Finance07:00 ET

Express News | Meituan Bought Back 2.5 Mln Class B Shares for HK$300 Mln on June 20 - HKEX Filing

Reuters06:58 ET

On June 19, Meituan-W (03690.HK) spent HKD 273 million to repurchase 2.3383 million shares.

On June 19th, Meituan-W (03690.HK) announced that it spent HKD 273 million to repurchase 2,338,300 shares.

Gelonghui FinanceJun 19 07:31 ET

Express News | Meituan Bought Back 2.3 Mln Class B Shares for HK$273.5 Mln on June 19 - HKEX Filing

ReutersJun 19 07:30 ET

Hong Kong Shares Rebound 2.9% Amid Positive Sentiment

Hong Kong's Hang Seng Index extended early gains to close 2.9% higher at 18430.39. There could be some optimism among investors that more may be done by the Chinese authorities in 2H, IG market strate

WSJJun 19 04:37 ET

Brokerage Focus: CMB International points out that China's internet-related performance in the first quarter as well as industry performance are in line with expectations. Pay attention to three main lines when selecting stocks.

Zhaojin Financial News | CICC International stated that in the review of the performance and industry 1Q24 results of China's Internet sector since the beginning of the year, the Internet sector has retreated to some extent after a relatively rapid rise under the boost of emotional improvement and short-term capital inflows, which is in line with the bank's previous expectations. From the perspective of stock selection throughout the year, with the interest rate cut trading not yet trending, and with liquidity still tight, the bank recommends selecting stocks around three main lines:

金吾財訊Jun 19 02:35 ET