Chervon executes HK$2.28 million on-market buyback; cumulative repurchases reach 0.053 % of share capital

Bulletin Express06-09 18:05

Chervon Holdings Limited (Chervon) disclosed that on 9 June 2026 it repurchased 150,000 ordinary shares on the Hong Kong Stock Exchange for a total consideration of HK$2.28 million. The buyback was conducted within a price range of HK$14.96 to HK$15.53 per share, translating into a volume-weighted average cost of approximately HK$15.22.

Including the 119,300 shares bought one day earlier, shares pending cancellation now stand at 269,300, equivalent to 0.053 % of the 511.05 million issued shares outstanding. The transactions were made under the general mandate approved on 18 May 2026, which authorises Chervon to repurchase up to 51.11 million shares.

Pursuant to Hong Kong Listing Rule 10.06(3)(a), Chervon is subject to a 30-day moratorium on new share issues or treasury-share sales, effective until 9 July 2026. After settlement and cancellation, the company’s share count will decline accordingly.

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