Tongguan Gold repurchases 1.16 million shares, trimming free float by 0.02%

Bulletin Express06-29

Tongguan Gold Group Limited disclosed that on 29 June 2026 it bought back 1.16 million ordinary shares on the Hong Kong Stock Exchange at prices between HKD 1.70 and HKD 1.76, for a volume-weighted average cost of HKD 1.72 per share. The transaction totalled approximately HKD 1.99 million and the repurchased shares are being held as treasury stock.

Following the buy-back, the company’s issued share capital (excluding treasury shares) fell to 5.31 billion shares, down 0.02% from the previous balance. Treasury shares increased from 4.55 million to 5.71 million.

The purchase was executed under the repurchase mandate approved on 29 May 2026, which authorises Tongguan Gold to acquire up to 531.37 million shares. Cumulative repurchases under this mandate now stand at 5.71 million shares, representing 0.11% of the share base at the mandate date. In accordance with Hong Kong listing rules, the company is restricted from issuing new shares or disposing of treasury shares until 29 July 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