Chervon Holdings Limited disclosed in its Next Day Disclosure Return (9 July 2026) that it repurchased 150,000 ordinary shares on 9 July 2026 via on-market transactions at prices ranging between HK$18.49 and HK$19.39, spending HK$2.84 million.
Including this latest tranche, the company has bought back 2.00 million shares between 8 June and 9 July 2026, all earmarked for cancellation. The cumulative purchases represent 0.39% of the 511.05 million issued shares (excluding treasury shares) outstanding as at the 18 May 2026 mandate date. Based on the volume-weighted average prices disclosed for each repurchase, total cash outlay over the period amounts to approximately HK$32.27 million.
Despite the ongoing buy-back programme, Chervon’s issued share capital remains at 511.05 million shares because the repurchased stock had not yet been cancelled by the 9 July 2026 reporting date, and the company holds no treasury shares.
The repurchases are being conducted under a mandate approved by shareholders on 18 May 2026, which permits buy-backs of up to 51.11 million shares. After the latest transactions, roughly 49.11 million shares, or about 96.1% of the authorised limit, remain available for repurchase.
Under Hong Kong Listing Rules, Chervon is subject to a moratorium on new share issues or transfers of treasury shares until 8 August 2026. All buy-backs have been authorised by the board and executed in compliance with the Main Board listing requirements, with confirmation that all regulatory and statutory obligations have been met.
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