Butong Group Repurchases 97,600 Shares, Lifts Treasury Stock to 2.38 Million

Bulletin Express10-23

Butong Group disclosed a share buyback of 97,600 ordinary shares on 23 October 2026 via on-exchange transactions on the Hong Kong Stock Exchange. The repurchase was executed within a price range of HKD 35.99 to HKD 37.40 per share, for a total consideration of approximately HKD 3.55 million. All repurchased shares have been retained as treasury stock.

Following the transaction, the company’s issued share capital (excluding treasury shares) declined to 88.37 million, down 0.11% from 88.47 million prior to the buyback. Treasury shares rose to 2.38 million, while total issued shares remained unchanged at 90.75 million.

The buyback was carried out under the mandate approved on 5 June 2026, which authorises repurchases of up to 9.03 million shares. Cumulative repurchases under this mandate now stand at 1.92 million shares, representing 2.12% of the company’s issued shares as of the mandate date.

A 30-day moratorium on new share issues or sales of treasury shares is in effect until 22 November 2026, in accordance with Hong Kong listing rules.

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