DEKON AGR repurchases 191,100 H shares for HKD 12.08 million; treasury stock rises to 2.74 million shares

Bulletin Express03-31

Dekon Food and Agriculture Group (DEKON AGR) reported the on-market repurchase of 191,100 H shares on 31 March 2026. The buyback was executed at prices ranging from HKD 62.25 to HKD 64.15 per share, for a total consideration of HKD 12.08 million, implying an average cost of approximately HKD 63.19 per share.

Following the transaction, the number of issued shares (excluding treasury shares) declined to 154.85 million, while treasury shares increased to 2.74 million. Total issued shares remained unchanged at 157.59 million. The latest repurchase represents 0.12% of the company’s issued share capital (excluding treasury shares) before the event.

The buyback forms part of the mandate approved on 22 April 2025, which authorises the company to repurchase up to 12.81 million shares. Cumulative repurchases under this mandate now stand at 2.74 million shares, equivalent to 2.14% of the issued share base on the mandate’s approval date, leaving 10.07 million shares still available for repurchase.

In accordance with Hong Kong listing rules, DEKON AGR is subject to a moratorium on issuing new shares or disposing of treasury shares until 30 April 2026. The company confirmed that all repurchase activities complied with relevant regulatory requirements and internal approvals.

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