Scholar Education buys back 254,000 shares for award scheme, raising trust holding to 3.50%

Bulletin Express06-04 19:03

Scholar Education Group disclosed that the trustee of its share award scheme purchased 254,000 company shares on-market on 4 June 2026. The repurchase represents approximately 0.04% of the current issued share capital.

The shares were acquired at an average price of HK$1.22, bringing the total consideration to about HK$0.31 million, excluding transaction costs.

Following the transaction, the scheme’s trust now holds 23.55 million shares, equivalent to 3.50% of Scholar Education’s outstanding stock.

The board reiterated that the prevailing market price substantially undervalues the company’s fundamentals and confirmed it will continue to monitor market conditions and may instruct further purchases under the share award scheme. Vesting terms and specific allocations to selected participants will be set at the board’s discretion.

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