Shoucheng Holdings Limited disclosed that it repurchased 1.24 million ordinary shares on 9 October 2026 through on-market transactions on the Hong Kong Stock Exchange. The shares were bought at prices ranging between HK$1.265 and HK$1.29, with a volume-weighted average cost of HK$1.2848 per share, bringing total consideration to HK$1.60 million.
Following the transaction, Shoucheng’s issued share capital (excluding treasury shares) fell to 7.93 billion, down 1.24 million shares, a 0.0157% decrease. The company’s treasury stock balance rose to 470.51 million shares—equivalent to 5.60% of total issued shares—while the overall issued share count remained unchanged at 8.40 billion.
The buyback was executed under the mandate granted at the 20 April 2026 annual general meeting, which permits repurchases of up to 819.36 million shares. Cumulative repurchases under this authority now stand at 264.20 million shares, utilising roughly 32.25% of the approved limit and representing 3.22% of the shares outstanding on the mandate date.
All shares acquired on 9 October are being retained as treasury shares; none have been cancelled. In accordance with Hong Kong Listing Rules, Shoucheng is restricted from issuing new shares or disposing of treasury shares until 8 November 2026. The company confirmed that the repurchase complied with all applicable regulations and that no material changes have been made to its previously disclosed repurchase mandate documentation.
Comments