SINOPEC SEG Buys Back 77,000 Shares for HK$397,700 on August 24

Stock News08-24

SINOPEC SEG (02386) announced that on August 24, 2026, the company repurchased 77,000 shares at a price of HK$5.165 per share, totaling approximately HK$397,700.

The buyback reflects the company's ongoing capital management strategy, aimed at enhancing shareholder value by reducing the number of shares outstanding in the market.

This move comes as part of a broader trend among listed companies to utilize excess cash for share repurchases, signaling confidence in the company's financial health and future prospects.

Following the transaction, the company's total number of repurchased shares will be updated in subsequent disclosures, providing investors with greater transparency regarding the company's capital allocation decisions.

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