Pacific Textiles Details 7.11 Million-Share Buy-back Pending Cancellation; No Change Yet to 1.39 Billion Issued Shares

Bulletin Express
Jul 07

Pacific Textiles Holdings Limited (Pacific Textiles) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange on 07 July 2026, confirming that its issued share capital remains at 1.39 billion ordinary shares. The filing also discloses fresh share repurchases that have not yet been cancelled, signalling an upcoming contraction of the share base once cancellation formalities are completed.

Key takeaways

1. Size of repurchases • Between 29 June and 07 July 2026, the company repurchased 7.11 million shares, equal to 0.51 % of the existing share count. • The volume-weighted average purchase price was HKD 0.87 per share, implying a cash outflow of HKD 6.17 million.

2. Latest daily transaction • On 07 July 2026, 0.50 million shares were bought back on-market at HKD 0.91–0.92, costing HKD 0.46 million.

3. Repurchase mandate utilisation • The current mandate, granted on 14 August 2025, allows the repurchase of up to 139.16 million shares. • Cumulative buy-backs under this mandate total 12.37 million shares, or 0.89 % of the issued share base on the mandate date. • Approximately 126.79 million shares—about 91 % of the mandate—remain available.

4. Capital structure • Issued shares (excluding treasury): 1.39 billion as at 07 July 2026. • Treasury shares outstanding: nil. • All 7.11 million recently acquired shares are earmarked for cancellation; once cancelled, the issued share count will fall accordingly.

5. Moratorium on new issues • Under Listing Rule 10.06(3), Pacific Textiles is restricted from issuing new shares until 07 August 2026, 30 days after the most recent repurchase.

The company affirmed that all repurchase activities complied with Hong Kong listing regulations and that required confirmations and filings have been completed.

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