Precision Tsugami (China) Corporation Limited (“Tsugami China”) filed a Next Day Disclosure Return showing no change in its issued share capital but continued execution of its on-market share-repurchase programme. Key points are as follows:
• Issued share capital unchanged – The number of ordinary shares in issue remained at 375.68 million as at 25 March 2026.
• Latest buyback – On 25 March 2026 the company repurchased 150,000 shares on the Hong Kong Stock Exchange at prices between HKD 34.58 and HKD 35.64, for a total consideration of HKD 5.31 million. All of these shares are intended for cancellation.
• Cumulative repurchases – Since the current mandate was approved on 18 August 2025, Tsugami China has bought back 6.71 million shares, equivalent to approximately 1.79% of the share count on the mandate date. The board is authorised to repurchase up to 37.57 million shares under this mandate.
• Shares pending cancellation – Including the 25 March transaction, 6.71 million repurchased shares are awaiting cancellation. Once cancelled, the company’s share capital will be reduced accordingly.
• Moratorium on new issues – In line with Hong Kong listing rules, Tsugami China is restricted from issuing new shares or selling treasury shares until 24 April 2026, 30 days after the latest repurchase.
The disclosure confirms that all repurchases have been executed within the authority granted by shareholders and in compliance with Hong Kong Stock Exchange regulations.
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