Edding Genor Buys Back 1.00 Million Shares, Lifts Treasury Stock to 22.86 Million

Bulletin Express04-29 20:24

Edding Genor Group Holdings Limited (Edding Genor) disclosed that it repurchased 1.00 million ordinary shares on 29 April 2026 via on-market transactions on the Hong Kong Stock Exchange. The shares were acquired at prices ranging between HK$3.13 and HK$3.25, with a volume-weighted average cost of HK$3.19 per share, for a total cash outlay of HK$3.19 million.

Following the transaction: • Issued shares (excluding treasury shares) declined 0.05% to 1.99 billion. • Treasury shares increased to 22.86 million. • Total issued shares remained unchanged at 2.01 billion, as the repurchased shares are being held in treasury rather than cancelled.

Mandate utilisation: • The board mandate approved on 26 June 2025 permits the repurchase of up to 52.06 million shares. • Cumulative repurchases under this mandate now stand at 22.86 million shares, equivalent to 4.4% of the issued share capital on the mandate date. • In accordance with Hong Kong listing rules, Edding Genor is restricted from issuing new shares or disposing of treasury shares until 29 May 2026.

The company confirmed that the buyback complied with all applicable listing rules and regulatory requirements.

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