China Hongqiao adds 8.27 million-share buyback on 12 May; 74.22 million shares now pending cancellation

Bulletin Express05-13 08:22

China Hongqiao Group Limited disclosed on 13 May 2026 that it repurchased 8.27 million ordinary shares on the Hong Kong Stock Exchange on 12 May 2026. The purchase was executed within a price range of HKD 32.96 to HKD 33.90, with a volume-weighted average price of HKD 33.3455 per share. The shares—representing approximately 0.08 % of the company’s issued share capital—are intended for cancellation.

Including this latest transaction, China Hongqiao has bought back 74.22 million shares between 6 May and 12 May 2026. These shares, equivalent to about 0.75 % of the current 9.91 billion issued shares, have not yet been cancelled. Based on the average prices disclosed for each trading day, the total cash outlay for the five-day programme is estimated at roughly HKD 2.47 billion.

The buybacks form part of a mandate approved on 7 May 2025 that authorises the company to repurchase up to 935.99 million shares. To date, 295.44 million shares have been repurchased under this mandate, equal to 3.16 % of the issued share count on the mandate date.

As stipulated by Hong Kong listing rules, China Hongqiao is subject to a moratorium on new share issues or treasury-share sales until 11 June 2026.

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