Shoucheng Repurchases 0.90 Million Shares, Lifts Treasury Stock to 420.21 Million

Bulletin Express09-09

Shoucheng Holdings Limited disclosed that it repurchased 0.90 million ordinary shares on 9 September 2026 via on-market transactions on the Hong Kong Stock Exchange. The buyback, executed at prices between HKD 1.385 and HKD 1.425 per share, represented 0.0113% of the company’s 7.98 billion issued shares (excluding treasury shares) prior to the transaction. The total cash outlay was HKD 1.26 million.

Following the repurchase, Shoucheng’s treasury share balance increased from 419.31 million to 420.21 million shares, while the overall share capital remained unchanged at 8.40 billion shares. All 0.90 million repurchased shares have been retained as treasury shares; none were cancelled.

The transaction was conducted under the general mandate approved at the shareholders’ meeting on 20 April 2026, which authorises repurchases of up to 819.36 million shares. Cumulative buybacks under this mandate now stand at 213.89 million shares, equivalent to 2.61% of the company’s outstanding shares as at the mandate date.

In accordance with Hong Kong Stock Exchange rules, Shoucheng is subject to a moratorium on new share issues or further treasury-share sales until 9 October 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