Virscend Education Executes HK$9.40 Million Share Buy-Back in July, Cutting Free-Float by 1.55%

Bulletin Express
Aug 04

Virscend Education Company Limited reported that it repurchased 47.97 million ordinary shares in July 2026, spending approximately HK$9.40 million at a weighted-average price of HK$0.196 per share. All acquired shares have been retained as treasury stock, reducing the company’s outstanding share count to 3.04 billion from 3.09 billion as of 30 June 2026—a 1.55% contraction.

Key Figures for July 2026 • Authorised share capital: 10.00 billion shares (HK$0.01 par value), unchanged. • Issued shares (excluding treasury): decreased to 3.04 billion. • Treasury shares: increased to 47.97 million. • Total issued shares (including treasury): unchanged at 3.09 billion.

Repurchase Activity Details Between 13 and 31 July, the company executed 13 on-market buy-backs ranging from HK$0.183 to HK$0.207 per share, under the mandate granted on 23 January 2026. The largest single-day purchase occurred on 17 July, when 6.80 million shares were repurchased at HK$0.20544 each.

Capital Structure and Compliance Despite the reduction in free-float shares, Virscend Education confirmed compliance with the Hong Kong Main Board’s minimum public-float requirement of 25% of issued share capital. Total authorised capital remained at HK$100.00 million, indicating no changes to the registered share base during the month.

Implications The buy-back initiative demonstrates management’s active approach to capital allocation, potentially signaling confidence in the company’s valuation while providing flexibility through treasury share holdings.

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