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.