SinoMedia repurchases 677,000 shares, spends HKD 1.36 million in two-day buyback

Bulletin Express17:23

SinoMedia Holding Limited disclosed a share repurchase totalling 677,000 ordinary shares on 29–30 April 2026. The purchases, all executed on the Hong Kong Stock Exchange, were conducted under the existing shareholder mandate approved on 11 June 2025.

• Transaction breakdown – 29 April 2026: 77,000 shares repurchased at HKD 1.97–1.99, costing HKD 0.15 million. – 30 April 2026: 600,000 shares repurchased at HKD 1.99–2.05, costing HKD 1.21 million.

The two-day programme represents 0.15% of SinoMedia’s 467.83 million issued shares. All 677,000 shares are earmarked for cancellation, leaving the end-April share count unchanged as cancellation is pending.

Cumulatively, the company has bought back 3.89 million shares—equivalent to 8.31% of the share base when the mandate was granted—against an overall authorisation of 46.88 million shares. In line with Hong Kong Stock Exchange rules, SinoMedia is subject to a 30-day moratorium on issuing new shares until 30 May 2026 following these repurchases.

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