Chery Auto Repurchases 0.02% of H-Share Capital for HKD 11.26 Million

Bulletin Express11-04 17:42

Chery Automobile Co., Ltd. (Chery Auto) disclosed a buyback of 479,700 H shares on 4 November 2026, executed on the Hong Kong Stock Exchange at prices ranging between HKD 23.36 and HKD 23.60. The volume-weighted average repurchase price was HKD 23.48, bringing the total consideration to HKD 11.26 million.

Following the transaction, issued shares (excluding treasury shares) declined to 2,353.10 million, representing a 0.02 % reduction from the previous day’s 2,353.58 million. Treasury shares rose to 1.67 million. The company’s total outstanding share count, including treasury shares, remained unchanged at 2,354.77 million.

The buyback forms part of the mandate approved on 20 May 2026, which authorises the company to repurchase up to 235.48 million shares. Cumulative repurchases under this mandate now stand at 1.67 million shares, equal to 0.07 % of the issued share base as of the mandate date.

In line with Hong Kong listing rules, Chery Auto is restricted from issuing, selling or transferring treasury shares for 30 days following the repurchase, ending on 4 December 2026. The board confirmed that all regulatory requirements and procedural formalities were satisfied in executing the share buyback.

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