HASHKEY HLDGS (03887) announced that on August 31, it spent HK$4.94 million to repurchase 1.9 million shares.
According to the company's filing, the share buyback was conducted at an average price of approximately HK$2.60 per share. This move reflects the company's ongoing capital management strategy and confidence in its long-term value.
The repurchase reduces the total number of outstanding shares, potentially boosting earnings per share for remaining shareholders. No further details regarding the purpose of the buyback were disclosed in the announcement.