China Literature Limited (CHINA LIT) disclosed that it bought back 400,000 ordinary shares on 27 August 2026 via on-market transactions on the Hong Kong Stock Exchange. The shares were repurchased at prices ranging between HK$20.22 and HK$20.40, implying a volume-weighted average cost of HK$20.29 per share and an aggregate consideration of approximately HK$8.12 million.
Including this latest transaction, CHINA LIT now holds 2.40 million repurchased shares pending cancellation, equal to about 0.24 % of the company’s 1.02 billion issued shares outstanding before the buyback series. These shares were acquired over six consecutive trading days (20–27 August), each day involving 400,000 shares at average prices between HK$19.59 and HK$20.58, representing a cumulative cash outlay of roughly HK$49.21 million.
The repurchases form part of the mandate approved on 2 June 2026 authorising CHINA LIT to buy back up to 102.15 million shares. To date, the company has repurchased 12.98 million shares under this mandate, equivalent to 1.27 % of the total shares in issue at the time of authorisation. Post-buyback, the number of issued shares remains unchanged at 1,017.37 million, as the repurchased shares have not yet been cancelled.
Under Hong Kong Listing Rules, CHINA LIT is subject to a moratorium on issuing new shares until 26 September 2026 following the latest repurchase activity.
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