China Literature (China Lit) Executes Additional 200,000-Share Buyback, Lifts Cumulative Repurchases to 19.51 Million

Bulletin Express10-21

China Literature Limited (China Lit) disclosed that it repurchased 200,000 ordinary shares on 21 October 2026 via on-market transactions at prices between HKD 22.78 and HKD 23.24 per share, for a total consideration of HKD 4.59 million.

Including this latest transaction, shares acquired under the June 2026 general mandate have risen to 19.51 million—equivalent to 1.91% of the company’s issued share base at the time the authority was granted (1.02 billion shares). The mandate permits repurchases of up to 102.15 million shares, leaving more than 80 million shares, or roughly 8.1% of current issued shares, still available.

Between 2 and 21 October 2026, China Lit bought back 1.66 million shares for cancellation at volume-weighted average prices ranging from HKD 19.49 to HKD 23.24. All repurchased shares remain outstanding pending formal cancellation; consequently, the issued share capital stood unchanged at 1.01 billion shares as of 21 October 2026.

In accordance with Hong Kong listing rules, the company is restricted from issuing new shares or disposing of treasury shares until 20 November 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