CHINA ALUMCAN repurchases 10 million shares for HK$8.45 million, cutting free-float by 1.06%

Bulletin Express07-08 18:24

China Aluminum Cans Holdings Limited (abbreviated as CHINA ALUMCAN) disclosed a Next Day Disclosure Return showing the execution of a share buyback on 7 July 2026. The company repurchased 10.00 million ordinary shares on the Hong Kong Stock Exchange at prices ranging between HK$0.84 and HK$0.85 per share, with a volume-weighted aggregate consideration of HK$8.45 million.

Prior to the transaction, CHINA ALUMCAN had 944.05 million issued shares (excluding treasury shares). Post-repurchase, the outstanding share count fell to 934.05 million, representing a 1.06% reduction. The repurchased shares have been retained as treasury stock, bringing the company’s treasury share balance to 10.00 million, while the total issued share count (including treasury shares) remains unchanged at 944.05 million.

The buyback was executed under a shareholder mandate granted on 22 May 2026, which authorises the company to repurchase up to 94.40 million shares. With the latest transaction, 10.6% of the authorised limit has been utilised, leaving approximately 84.40 million shares available for potential future repurchases.

In line with Hong Kong listing requirements, the company is subject to a moratorium on issuing new shares or selling treasury shares until 7 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