China Literature Allocates HK$8.09 Million for Share Buyback on August 20

Stock News
Aug 20

CHINA LIT (00772) has announced that on August 20, 2026, the company expended approximately HK$8.09 million to repurchase 400,000 of its shares.

This buyback initiative reflects the company's ongoing capital management strategy, aimed at enhancing shareholder value through the reduction of outstanding shares in the market. The transaction was conducted at prevailing market prices, underscoring the company's confidence in its financial position and long-term growth prospects.

Following the repurchase, the company's total issued share capital has been adjusted accordingly, with the acquired shares slated for cancellation or retention as treasury stock, subject to regulatory and corporate governance requirements.

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