China Hongqiao February share repurchase reduces outstanding shares

China Hongqiao Group Limited (HKEX:1378) reported a decrease of 11,649,500 in issued shares for the month of February, according to a filing with the Hong Kong Exchange. The reduction is attributed to the repurchase and subsequent cancellation of shares, with 14,500 shares repurchased at HKD 12.6 per share, 341,000 at HKD 12.7899, and 11,294,000 repurchased on February 20, 2025. The total number of issued shares now stands at 9,463,888,925. The company also restated that 5.25% convertible bonds due 2026 that were issued by the Company have a 300,000,000 USD principal amount and a conversion price of HKD 6.14 per bond.