China Hongqiao Group buys back shares, cancels 26.7m shares

China Hongqiao Group Limited announced today that it repurchased 8,508,000 of its own ordinary shares on the Hong Kong Stock Exchange on April 17, 2025. The shares were bought back at prices ranging from HKD 12.78 to HKD 13.28 per share, with the total consideration paid amounting to HKD 111,402,901.2. Furthermore, the company cancelled 26,753,500 shares of repurchased shares including those purchased on the exchange on the 8th, 9th, 10th and 11th of April. The company has a general mandate to repurchase up to 947,553,800 shares, and thus far has repurchased 95,122,000 shares. The repurchases align with the company’s previously disclosed intentions and regulatory requirements and reflect their view that their shares are undervalued.