Sunac Services Completes Additional Share Buyback; Total Repurchases Reach 15.40 Million Shares Under 2026 Mandate

Bulletin Express06-12

Sunac Services Holdings Limited disclosed a further repurchase of 1.00 million ordinary shares on 12 June 2026, executed on the Hong Kong Stock Exchange at prices between HKD 0.85 and HKD 0.88, for an aggregate consideration of HKD 0.87 million.

Including this latest transaction, Sunac Services has repurchased 15.40 million shares since its 22 May 2026 general mandate was granted, equal to 0.51 % of the 3.05 billion shares outstanding on the mandate date. The company is authorised to buy back up to 304.90 million shares under the mandate, leaving more than 289 million shares—over 95 % of the limit—still available for future repurchases.

As of the close on 12 June 2026, Sunac Services’ issued share capital remains unchanged at 3.03 billion shares. However, 15.40 million shares repurchased between 28 May and 12 June—including the latest tranche—have not yet been cancelled, pending settlement procedures. Average prices for the ten earlier buyback sessions ranged from HKD 0.85 to HKD 0.97 per share.

In line with Hong Kong listing rules, the company is subject to a 30-day moratorium on new share issues or treasury-share sales following the 12 June transaction, lasting until 12 July 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