Zhongyu Energy Executes HK$4.04 Million Share Buyback, Cuts Outstanding Shares by 0.06%

Bulletin Express06-09

On 9 June 2026, Zhongyu Energy Holdings Limited (Zhongyu Energy) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange confirming the latest step in its ongoing share-repurchase programme.

The company bought back 1.50 million ordinary shares on-market at prices between HK$2.65 and HK$2.74, equivalent to a volume-weighted average purchase price of HK$2.69 per share. The transaction cost totalled HK$4.04 million.

Following the repurchase, Zhongyu Energy’s issued share capital (excluding treasury shares) decreased to 2.71 billion shares from 2.71 billion, representing a 0.0554% reduction. Treasury shares on hand rose to 40.60 million, while the overall issued share count, including treasury shares, remained unchanged at 2.75 billion.

The buyback was executed under the mandate granted on 2 June 2025, which authorises the company to repurchase up to 277.18 million shares. Cumulative repurchases under this mandate now stand at 40.60 million shares, or 1.46% of the shares outstanding on the mandate date.

In accordance with Hong Kong listing rules, Zhongyu Energy is subject to a moratorium on issuing new shares or disposing of treasury shares until 9 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