J&T Express-W buys back 1.52 million shares for HK$14.93 million, reducing free float by 0.02%

Bulletin Express05-05

J&T Global Express Limited (J&T Express-W) disclosed that on 5 May 2026 it repurchased 1.52 million Class B weighted-voting-rights ordinary shares on the Hong Kong Stock Exchange.

The shares were bought at prices ranging from HK$9.73 to HK$9.88, translating into a volume-weighted average of HK$9.84 and an aggregate outlay of approximately HK$14.93 million. All repurchased shares have been retained as treasury shares.

Following the transaction, the number of issued shares excluding treasury shares dropped to 7.90 billion, down by 0.0192% from the previous day’s 7.90 billion. Including treasury shares, the total issued share count remains unchanged at 7.93 billion, with treasury stock rising to 26.46 million shares.

The buyback forms part of a mandate approved on 18 June 2025 authorising the company to repurchase up to 889.65 million shares. Cumulative repurchases under this mandate now stand at 33.68 million shares, representing 0.38% of the issued share base on the mandate’s approval date.

Under Hong Kong listing rules, the company is subject to a moratorium on issuing new shares or disposing of treasury shares until 4 June 2026.

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