TUHU-W cancels 5.19 million shares, converts 0.43 million Class B into Class A; total outstanding shares fall to 823 million

Bulletin Express
Aug 20

TUHU-W (TUHU Car Inc.) has reported two capital-structure moves dated 20 August 2026 under its latest Next Day Disclosure Return:

1. Share repurchase and cancellation • Volume: 5.19 million Class A weighted voting right (WVR) ordinary shares, equal to 0.63% of the Class A share base as of 31 July 2026. • Average repurchase price: HKD 12.6255 per share, implying a cash outlay of roughly HKD 65.48 million (about USD 8.36 million). • The repurchased shares were cancelled on the same day.

2. Internal share conversion • Volume: 425,118 Class B WVR shares converted into an equal number of Class A WVR shares, representing 0.05% of total issued shares before the conversion. • This reduced Class B shares to 67.49 million and raised Class A shares by the same amount.

Post-transaction capital position (20 August 2026) • Class A shares: 755.86 million • Class B shares: 67.49 million • Total issued shares: 823.35 million, down from 828.54 million on 31 July 2026.

There were no outstanding treasury shares, and no shares have been repurchased but not yet cancelled. All actions were authorised by the board and executed in compliance with Hong Kong Stock Exchange listing rules, according to Joint Company Secretary Chen Zhe.

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