GCL Tech spends HK$25.02 million to buy back 40 million shares, cutting free float by 0.12%

Bulletin Express07-13 18:42

GCL Technology Holdings Limited (GCL Tech) disclosed a Next Day Disclosure Return showing that it repurchased 40.00 million ordinary shares on 13 July 2026 via on-market transactions on the Hong Kong Stock Exchange.

The shares were bought at prices ranging from HK$0.62 to HK$0.63, translating into a volume-weighted average cost of HK$0.6255 per share and an aggregate outlay of HK$25.02 million. All repurchased shares were retained as treasury stock.

Post-transaction, GCL Tech’s outstanding share count fell from 32.32 billion to 32.28 billion, a reduction of 0.12%. Treasury shares increased to 940.39 million, while the company’s total issued share capital remained at 33.22 billion shares.

The buyback forms part of the mandate approved on 29 May 2026, which allows the company to repurchase up to 3.32 billion shares. Cumulative repurchases under this mandate have reached 940.39 million shares, equivalent to 2.83% of the issued share base on the mandate date.

In accordance with Hong Kong listing rules, GCL Tech is now subject to a moratorium on issuing, selling or transferring any shares from treasury until 12 August 2026.

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