China Hongqiao repurchases 11.28 million shares for HKD 383.27 million, pending cancellation

Bulletin Express
Apr 29

China Hongqiao Group Limited disclosed that on 28 April 2026 it bought back 11.28 million ordinary shares via private arrangement at a uniform price of HKD 33.99 per share, involving a cash outlay of HKD 383.27 million. The repurchased stock, equal to 0.11% of the company’s outstanding share capital, is earmarked for cancellation but remained in the issued share count as of the reporting date.

Following the transaction, China Hongqiao’s issued share capital stood unchanged at 9.92 billion shares, as the cancellation process had not yet been completed.

The latest buyback forms part of a mandate approved on 7 May 2025 that authorises the company to repurchase up to 935.99 million shares. Including this tranche, the company has repurchased 221.22 million shares, representing 2.36% of the share base at the time the mandate was granted.

Under Hong Kong listing rules, China Hongqiao is subject to a moratorium on issuing new shares or transferring any treasury shares until 28 May 2026.

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