China Hongqiao repurchases HK$78m shares over three days

China Hongqiao Group repurchased 17.5 million shares over three consecutive days in August, spending approximately HK$78 million.

The company bought 10.2 million shares on August 18 at HK$23.09 each, followed by 4 million shares at HK$23.43 on August 19, and 3.3 million shares at HK$23.63 on August 20.

The repurchases represent 0.56% of issued shares under a mandate authorizing buybacks of up to 936 million shares. The repurchased shares have not yet been cancelled.