Chervon Holdings Limited disclosed in its Next Day Disclosure Return (22 June 2026) that it bought back 300,000 ordinary shares on-market the same day at prices ranging from HK$16.25 to HK$16.68, for a total consideration of HK$4.94 million. The volume-weighted average price was approximately HK$16.47 per share.
Adding this latest transaction to earlier buybacks executed on 8, 9, 10, 11 and 18 June (aggregate 850,000 shares), Chervon’s June repurchases now stand at 1.15 million shares. Cumulatively, the shares bought represent about 0.23 % of the company’s issued share capital as at the 18 May 2026 mandate date, well within the 10 % authority (51.11 million shares) approved by shareholders.
All 1.15 million repurchased shares are earmarked for cancellation; none will be held as treasury stock. As cancellation had not been completed by the reporting date, Chervon’s issued share capital remained unchanged at 511.05 million shares.
Under Hong Kong Listing Rules, Chervon is subject to a 30-day moratorium on new share issues or treasury share sales, lasting until 22 July 2026. The company confirmed that the repurchases complied with all applicable regulatory requirements and that no material changes have been made to its previously filed explanatory statement.
Comments