Tencent repurchases 1.27M shares for ~HK$352M

Tencent has repurchased 1.27M in a transaction valued around HK$352M, according to a filing to the Stock Exchange of Hong Kong.

The company paid HK$275.2-HK$282.4 a piece for the shares, representing 0.01326% of issued share capital.

Tencent has bought back ~49.22M shares year to date.

Hong Kong-listed shares of the firm closed 0.4% lower at HK$277.8 on Thursday.

Author: Preeti Singh, Seeking Alpha

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