Conch Cement Repurchases 0.40 Million H Shares for HKD 6.49 Million, Treasury Stock Rises to 14.77 Million

Bulletin Express09-15 18:24

Anhui Conch Cement Company Limited (Conch Cement) disclosed a share buyback on 15 September 2026, acquiring 400,000 H shares on the Hong Kong Stock Exchange under its existing repurchase mandate.

The shares were repurchased within a price range of HKD 16.18 to HKD 16.25, at a volume-weighted average of HKD 16.22, for a total consideration of HKD 6.49 million.

The transaction reduced Conch Cement’s outstanding H shares (excluding treasury shares) by 0.0311%, from 1.29 billion to 1.28 billion. Treasury share holdings increased from 14.37 million to 14.77 million, while the company’s total issued shares remained unchanged at 1.30 billion.

The buyback forms part of the repurchase mandate approved on 28 May 2026, which authorises the company to repurchase up to 1.30 billion shares. To date, Conch Cement has repurchased 14.77 million shares under this mandate, representing 1.14% of issued shares as of the mandate date.

In line with Hong Kong listing rules, Conch Cement is subject to a moratorium on new share issues or treasury-share disposals until 15 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