Sun Hung Kai & Co. repurchases 90,000 shares, total 202,000 bought back under new mandate

Bulletin Express06-03

Sun Hung Kai & Co. Limited reported that it repurchased 90,000 ordinary shares on 03 June 2026 through on-market transactions at prices ranging from HKD 4.18 to HKD 4.24, for an aggregate consideration of approximately HKD 0.38 million.

Including earlier buybacks of 72,000 shares on 01 June at an average HKD 4.07 and 40,000 shares on 02 June at HKD 4.19, the company has acquired 202,000 shares (about 0.20 million) since activating its 2026 share-repurchase mandate on 27 May 2026. These purchases equate to 0.0103 % of the 1.96 billion shares outstanding on the mandate date.

All 202,000 repurchased shares are earmarked for cancellation; none will be held as treasury stock. As settlement is pending, the issued share capital remains at 1.96 billion shares as of 03 June 2026.

The current mandate authorises Sun Hung Kai & Co. to buy back up to 196.50 million shares, leaving roughly 196.30 million shares available for future repurchase. In line with Hong Kong Stock Exchange rules, the company is subject to a moratorium on issuing new shares or disposing of treasury shares until 03 July 2026, unless prior approval is obtained.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment