China Starch Allocates HK$335,000 to Buy Back 2 Million Shares on September 7

Stock News
Sep 07

China Starch (HKEX: 03838) announced that on September 7, 2026, it spent HK$335,000 to repurchase 2 million of its own shares.

The buyback was conducted as part of the company's ongoing capital management strategy, reflecting its confidence in the business outlook and commitment to enhancing shareholder value. It represents a modest deployment of funds relative to the company's market position, with the repurchased shares set to be cancelled or held as treasury stock, depending on regulatory and corporate policy.

This transaction follows the company's recent pattern of periodic share repurchases, which aim to support the stock price and optimize the capital structure. No further details on the specific price per share or the total shares outstanding were disclosed in the announcement.

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