SHOUCHENG repurchases 3.00 million shares for HKD 5.11 million, treasury stock rises to 406.38 million

Bulletin Express07-23

Shoucheng Holdings Limited disclosed a further share buyback executed on 23 July 2026, repurchasing 3.00 million ordinary shares on the Hong Kong Stock Exchange.

The shares were bought at prices between HKD 1.70 and HKD 1.71, with a volume-weighted average of HKD 1.7048, for a total consideration of HKD 5.11 million.

Post-transaction, issued shares outstanding (excluding treasury shares) decreased from 7.996 billion to 7.994 billion, while treasury stock increased from 403.38 million to 406.38 million. The buyback represents 0.0375 % of the company’s pre-transaction issued share capital. Total issued shares remain unchanged at 8.399 billion.

The repurchase forms part of the mandate approved on 20 April 2026, which authorises the company to buy back up to 819.36 million shares. Cumulative repurchases under this mandate have reached 200.06 million shares, equal to 2.44 % of the issued share base on the mandate date.

Under Hong Kong listing rules, Shoucheng is restricted from issuing new shares or disposing of treasury shares until 22 August 2026.

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