Zhongyu Energy Buys Back 0.02% of Share Capital for HKD 1.27 Million

Bulletin Express
Aug 28

Zhongyu Energy Holdings Limited repurchased 500,000 ordinary shares on 28 August 2026, deploying HKD 1.27 million under its existing share-buyback mandate.

The shares were acquired on the Hong Kong Stock Exchange at prices ranging from HKD 2.495 to HKD 2.575, implying a volume-weighted average cost of HKD 2.53 per share. The transaction represents 0.02% of Zhongyu Energy’s issued share capital (excluding treasury shares) as of the previous reporting date.

Following the buyback, issued shares outstanding decreased marginally to 2.697 billion, while treasury shares rose to 51.34 million. The total issued share count, inclusive of treasury shares, remains 2.748 billion.

The current buyback formed part of a mandate approved by shareholders on 26 June 2026, authorising the company to repurchase up to 270.56 million shares. To date, 8.64 million shares—equivalent to 0.32% of the share base at the mandate date—have been repurchased under this authority.

In accordance with Hong Kong listing rules, Zhongyu Energy is restricted from issuing new shares or selling treasury shares until 27 September 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