Ping An of China announced on the evening of October 29 that it intends to repurchase the publicly issued domestic and overseas shares as appropriate and in a timely manner. The total amount of repurchase does not exceed 10% of the total share capital.
Ping An of China is the first financial listed company in this round of “repurchase tide”.
As of today's close, China Ping An A shares reported 62 yuan / share, the total market value of 1.13 trillion yuan.
According to the 10% upper limit, there will be nearly 110 billion yuan of repurchase funds injected into the market in the future.
Ping An’s repurchase funds will include its own funds and funds that meet regulatory and regulatory requirements.
The above repurchase program will still be implemented after consideration and authorization by the China Ping An Shareholders' Meeting.
Ping An issued a three-quarter report on the Hong Kong Stock Exchange. The net profit for the first three quarters was 79.397 billion yuan, a year-on-year increase of 19.7%. In the first three quarters of the financial technology and medical technology business, the operating profit attributable to shareholders of the parent company was 5.403 billion yuan, a year-on-year increase of 700.4%, accounting for 6.3% of the operating profit of the group's shareholders at the parent company, accounting for 0.9% of the same period last year. . The Group's Internet users exceeded 500 million, an increase of 19.4% year-on-year; 34.8% of the Group's new customers in the first three quarters came from Internet users in the Group's five ecosystems.
China Ping An A shares closed down 5.40% today at 62.00 yuan; H shares closed down 2.22% at 72.75 Hong Kong dollars.
The following is a screenshot of the announcement:
(Article source: Securities Times Network)