E-Commodities Buy Back About 15.7 Million Shares for HK$14 Million; Shares Slide 4%

MT Newswires Live

03/25

E-Commodities Holdings (HKG:1733) repurchased 15,684,000 shares for HK$14.2 million, according to a Monday filing with the Hong Kong bourse.

The buyback was executed at prices ranging from HK$0.87 to HK$0.94 per share, utilizing the company's existing cash reserves. The repurchased shares, representing 0.5823% of the company's total outstanding shares, will be canceled.

The company has now repurchased 20.6 million shares under its general mandate and may continue to do so based on market conditions.

The coal producer's shares were down 4% in recent trading.

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