Pagoda GP Repurchases 0.88 Million H-Shares, Lifts Treasury Stock to 38.04 Million

Bulletin Express
Sep 24

Shenzhen Pagoda Industrial (Group) Corporation Limited (“Pagoda GP”) disclosed that it bought back 880,000 H-shares on 24 September 2026 during on-exchange trading in Hong Kong.

The repurchased shares were acquired at prices ranging from HKD 1.495 to HKD 1.545, with a volume-weighted average cost of approximately HKD 1.52 per share. Total consideration was HKD 1.33 million. All shares acquired have been retained as treasury stock.

Post-transaction, Pagoda GP’s issued share capital (excluding treasury shares) declined to 1.96 billion shares from 1.96 billion, representing a 0.04% reduction. Treasury shares increased to 38.04 million, while the company’s overall share count remains 2.00 billion.

The buyback forms part of the mandate approved on 5 June 2026, which authorises repurchases of up to 198.35 million shares. Including the latest transaction, Pagoda GP has repurchased 20.79 million shares under this mandate, equivalent to 1.05% of the issued share base at the time the mandate was granted.

In accordance with Hong Kong Listing Rules, the company is subject to a 30-day moratorium on issuing new shares or disposing of treasury shares, effective until 24 October 2026.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10