China Hongqiao repurchases 8.90 million shares for HKD 299.39 million, lifting total buybacks to 304.34 million under current mandate

Bulletin Express05-14 08:03

China Hongqiao Group Limited disclosed a further share repurchase under its 7 May 2025 mandate, buying back 8.90 million ordinary shares on 13 May 2026. The transaction was executed on the Hong Kong Stock Exchange at prices ranging between HKD 33.26 and HKD 33.96 per share, representing a volume-weighted average cost of HKD 33.64. The aggregate consideration amounted to HKD 299.39 million.

Including the latest purchase, shares bought back between 6 and 13 May 2026 that are pending cancellation total 83.12 million, equivalent to approximately 0.84 % of the company’s 9.91 billion issued shares.

Since the current mandate was approved, China Hongqiao has repurchased 304.34 million shares, utilising 3.25 % of the 935.99 million shares authorised for buyback. All shares acquired to date have been designated for cancellation; no treasury shares are being held.

The company’s issued share capital stood unchanged at 9.91 billion shares as of 13 May 2026, with cancellation of the repurchased shares pending. A moratorium on new share issues or transfers of treasury shares is in place until 12 June 2026, in line with Hong Kong Listing Rules.

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