Wang On Group repurchases 180 million shares, representing 1.27 % of share capital

Bulletin Express
Jul 15

Wang On Group Limited filed a Next Day Disclosure Return on 15 July 2026, confirming three consecutive on-market share buybacks that together amount to 180.00 million ordinary shares, all earmarked for cancellation.

The company repurchased: • 60.00 million shares on 13 July at HKD 0.022 per share • 60.00 million shares on 14 July at HKD 0.022 per share • 60.00 million shares on 15 July at HKD 0.023 per share

Total consideration for the three-day programme was HKD 4.02 million, implying a volume-weighted average price of HKD 0.0223 per share.

The repurchased stock equals 1.27 % of the 14.17 billion shares outstanding as at 15 July 2026. Because cancellation has not yet been effected, the issued share count remains unchanged at 14.17 billion.

Under the shareholder mandate approved on 19 August 2025, Wang On Group is authorised to buy back up to 1.42 billion shares. To date, 180.00 million shares—12.70 % of the authorised limit—have been executed, leaving capacity for a further 1.24 billion shares. In line with Hong Kong Stock Exchange rules, the company is subject to a moratorium on new share issuances or treasury-share disposals until 14 August 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