Keep Inc. spends HKD 0.73 million to buy back 300,000 shares; outstanding share count slips to 501.77 million

Bulletin Express06-09

Keep Inc. (HKEX: 03650) reported a fresh on-market share repurchase on 09 June 2026, acquiring 300,000 ordinary shares at prices between HKD 2.41 and HKD 2.49. The transaction cost totalled HKD 0.73 million, implying a volume-weighted average purchase price of approximately HKD 2.43 per share.

Following the buyback, the company’s issued share capital (excluding treasury shares) decreased by 0.06 % to 501.77 million shares. Treasury shares rose to 8.50 million, bringing the treasury proportion to roughly 1.67 % of total issued shares, which remain unchanged at 510.28 million.

The repurchase formed part of the mandate approved on 04 June 2026, which authorises the company to buy back up to 50.24 million shares. Cumulative purchases under this mandate now stand at 644,000 shares, representing 0.13 % of the share base authorised by the mandate, leaving capacity to repurchase a further 49.60 million shares.

In addition, 3.32 million shares repurchased between 06 January and 15 April 2026—at prices ranging from HKD 2.91 to HKD 3.97—remain pending cancellation.

Under Hong Kong listing rules, Keep Inc. is subject to a moratorium on issuing new shares or selling treasury shares until 09 July 2026 following the latest repurchase. Chairman and CEO Wang Ning confirmed that the transactions complied with all regulatory requirements.

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