Shoucheng Holdings Limited repurchased 13.50 million ordinary shares on 4 June 2026 through on-market transactions on the Hong Kong Stock Exchange, paying an aggregate HK$23.37 million. The buyback was executed within a price range of HK$1.72 to HK$1.75 per share, translating into a volume-weighted average cost of approximately HK$1.73 per share.
Following the transaction, Shoucheng’s outstanding share count (excluding treasury shares) declined by 13.50 million shares, or 0.17%, to 8.14 billion. Concurrently, treasury shares increased to 259.98 million, while the company’s total issued share capital remained unchanged at 8.40 billion shares because the repurchased stock has been retained in treasury rather than cancelled.
The repurchase formed part of the mandate approved on 20 April 2026, which authorises Shoucheng to buy back up to 819.36 million shares. To date, the company has repurchased 53.66 million shares under this mandate, equivalent to 0.65% of the issued share base on the mandate date, leaving roughly 765.69 million shares still available for potential repurchase.
In accordance with Hong Kong Stock Exchange rules, Shoucheng is subject to a moratorium on issuing new shares or disposing of treasury shares until 4 July 2026. The company confirmed that the repurchase complied with all applicable Main Board regulations and that no material changes have occurred in the related Explanatory Statement filed on 27 March 2026.
Comments