AAC Tech Buys Back 300,000 Shares for HKD 10.40 Million, Trimming Free Float by 0.03%

Bulletin Express03-26

AAC Technologies Holdings Inc. disclosed that it repurchased 300,000 ordinary shares on 26 March 2026 via on-exchange transactions, paying an aggregate HKD 10.40 million. The volume-weighted average price was approximately HKD 34.65 per share, with trades executed between HKD 34.38 and HKD 35.10.

Prior to the transaction, the company had 1.17 billion issued shares (excluding 32.33 million treasury shares). Following the buyback, outstanding shares fell to 1.17 billion, representing a 0.03% reduction, while treasury shares rose to 32.63 million. Total issued shares remained unchanged at 1.20 billion.

The purchase was made under the general mandate approved on 22 May 2025, which authorises AAC Tech to repurchase up to 117.52 million shares. Cumulative buybacks under this mandate now stand at 9.32 million shares, equivalent to 0.79% of the shares in issue on the mandate date, leaving substantial headroom for further repurchases.

All transactions complied with Hong Kong Stock Exchange Main Board rules. Pursuant to the 30-day moratorium requirement, AAC Tech cannot issue new shares or dispose of treasury shares until 25 April 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