China Hongqiao executes HKD 275.63 million share buyback; 74.22 million shares awaiting cancellation

Bulletin Express05-13 12:05

China Hongqiao Group Limited disclosed on 13 May 2026 that it repurchased 8.27 million ordinary shares on 12 May 2026 via on-market transactions, paying between HKD 32.96 and HKD 33.90 per share. The outlay totalled HKD 275.63 million, implying a volume-weighted average price of roughly HKD 33.35 per share.

Including earlier transactions on 6–11 May, a cumulative 74.22 million shares—equivalent to approximately 0.74% of the company’s 9.91 billion issued shares—have been bought back but were not yet cancelled as of 12 May 2026.

Despite these purchases, China Hongqiao’s issued share capital remained unchanged at 9.91 billion shares as at both 11 May and 12 May 2026 because the repurchased shares had not yet been cancelled.

The buybacks form part of a mandate approved on 7 May 2025, under which the company can repurchase up to 935.99 million shares. To date, 295.44 million shares have been acquired under this authority, representing 3.16% of the company’s outstanding shares on the mandate date. In line with Hong Kong Stock Exchange regulations, China Hongqiao is subject to a moratorium on issuing new shares or transferring any treasury shares until 11 June 2026.

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