Country Garden Services Executes HK$53.74 Million Share Buyback, Reacquiring 10.17 Million Shares in June

Bulletin Express
06/29

Country Garden Services Holdings Company Limited (CG Services) submitted a Next Day Disclosure Return on 29 June 2026, confirming a series of on-market share repurchases conducted between 4 June and 29 June 2026.

Over the period, the company bought back 10.17 million ordinary shares that remain outstanding pending cancellation. The purchases were executed at prices ranging from HK$4.93 to HK$5.93 per share and absorbed a total consideration of approximately HK$53.74 million. Based on the company’s issued share capital on 29 May 2026—when the current mandate was granted—the repurchased amount represents about 0.31% of shares outstanding.

Despite the buybacks, the number of issued shares (excluding treasury shares) stood unchanged at 3.26 billion as of 29 June 2026, reflecting the fact that the repurchased shares had not yet been cancelled at the reporting date.

Under the authority approved by shareholders on 29 May 2026, CG Services is authorised to repurchase up to 325.83 million shares. Cumulative purchases to date total 10.17 million shares, leaving roughly 315.66 million shares, or 97%, of the mandate unused.

A 30-day moratorium on new share issuances, sales, or transfers of treasury shares is in effect until 29 July 2026, in accordance with Hong Kong Stock Exchange regulations. CG Services affirmed that all repurchases complied with the Main Board Listing Rules and that no material changes have been made to the explanatory statement filed on 27 April 2026.

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