J&T Express Announces HK$63.28 Million Share Repurchase, Boosts Treasury Stock to 88.17 Million Shares

Bulletin Express06-24 18:05

J&T Express (J&T Global Express Limited; 01519) disclosed that it bought back 7.72 million Class B weighted-voting-right ordinary shares on 24 June 2026 via on-market transactions on the Hong Kong Stock Exchange.

The repurchase was executed within a price range of HK$8.06 to HK$8.25 per share, resulting in a total cash outlay of HK$63.28 million. The volume represents 0.09% of the company’s issued share capital (excluding treasury shares) as of 23 June 2026.

Following the transaction, J&T Express’ outstanding issued shares (excluding treasury shares) decreased from 8.71 billion to 8.70 billion, while treasury shares rose to 88.17 million. The total issued share count, inclusive of treasury shares, remains unchanged at 8.79 billion.

The repurchase forms part of the mandate approved on 18 June 2025, which authorises the company to repurchase up to 889.65 million shares. Cumulative buybacks under this mandate now stand at 95.39 million shares, equivalent to 1.07% of the shares outstanding on the mandate date.

In accordance with Hong Kong Stock Exchange rules, J&T Express is subject to a moratorium on issuing new shares or disposing of treasury shares until 24 July 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