SHOUCHENG repurchases 5.22 million shares for HKD 9.17 million; treasury stock climbs to 291.76 million shares

Bulletin Express06-12 17:42

Shoucheng Holdings Limited disclosed a share buy-back executed on 12 June 2026 under its existing repurchase mandate dated 20 April 2026. Key details are as follows:

• Transaction size and pricing: 5.22 million ordinary shares were repurchased on the Hong Kong Stock Exchange at prices ranging from HKD 1.75 to HKD 1.78 per share, with a volume-weighted average of HKD 1.7574. Total consideration amounted to HKD 9.17 million.

• Capital structure impact: The buy-back represents 0.0643% of Shoucheng’s outstanding share capital prior to the transaction. Issued shares (excluding treasury shares) fell to 8.11 billion, while treasury shares increased to 291.76 million. The total number of issued shares, including treasury stock, remains unchanged at 8.40 billion.

• Utilisation of mandate: Cumulative repurchases since the 20 April 2026 mandate now stand at 85.44 million shares, equivalent to 1.04% of the company’s issued share base on the mandate date. Shoucheng is authorised to repurchase up to 819.36 million shares under the mandate.

• Post-repurchase restrictions: In line with Hong Kong Stock Exchange regulations, Shoucheng is subject to a moratorium on issuing new shares or disposing of treasury shares until 12 July 2026.

No shares acquired in this transaction have been cancelled; all repurchased shares are being held as treasury stock. The company confirmed that the repurchase was conducted in compliance with Main Board Rule 10.06 and related 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