Flat Glass repurchases 1.20 million H-shares for HKD 8.95 million, cutting free float by 0.05%

Bulletin Express06-08

Flat Glass Group Co., Ltd. (Flat Glass) disclosed that it bought back 1.20 million H-shares on 8 June 2026 through on-market transactions in Hong Kong. The shares were repurchased at prices ranging from HKD 7.41 to HKD 7.53, translating into a volume-weighted average cost of HKD 7.48 per share and an aggregate consideration of HKD 8.95 million.

Following the transaction, the number of H-shares outstanding fell to 433.78 million from 434.98 million, while treasury H-shares rose to 7.93 million from 6.74 million. The buyback reduced Flat Glass’s total issued share capital (excluding treasury shares) across both A- and H-classes to 2.32 billion, representing a 0.05% contraction.

The repurchase forms part of a mandate approved on 12 May 2026, which authorises the company to buy back up to 44.17 million shares. Cumulative repurchases under this mandate now stand at 7.93 million shares, or 1.8% of the shares outstanding on the mandate date. In accordance with Hong Kong Stock Exchange rules, Flat Glass is subject to a moratorium on new share issues or sales of treasury shares until 8 July 2026.

The company confirmed that the repurchase was duly authorised by the board, executed in compliance with all applicable listing rules and regulations, and fully settled in cash.

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