Sun Hung Kai & Co. Expands Buyback: 70,000 Shares Repurchased on 2 July; 1.71 Million Shares Await Cancellation

Bulletin Express07-02

Sun Hung Kai & Co. Limited disclosed on 2 July 2026 that its issued share capital remains at 1.96 billion ordinary shares, as repurchased stock has yet to be cancelled.

Buyback on 2 July 2026 • Shares repurchased: 70,000 • Price range: HKD 3.98–4.02 per share • Cash outlay: HKD 0.28 million • Method: On-exchange purchase

Cumulative repurchases pending cancellation (22 June–2 July 2026) • Total shares: 1.71 million, equal to 0.09 % of current issued shares • Estimated aggregate consideration: about HKD 6.82 million • Volume-weighted average price: roughly HKD 3.99 per share

Repurchase mandate utilisation • Mandate approved: 27 May 2026 • Authorised limit: 196.50 million shares • Shares bought to-date under mandate: 2.92 million (0.15 % of share capital at mandate date) • Remaining capacity: approximately 193.58 million shares

Capital structure and moratorium • Issued shares outstanding (pre-cancellation): 1.96 billion • No treasury shares are held; all repurchased shares are designated for cancellation. • A 30-day moratorium restricts new share issues or treasury share sales until 1 August 2026.

The company confirms that all repurchases complied with Hong Kong Listing Rules and relevant regulations.

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