Hongta Securities advances share buyback to cut capital by up to 200m yuan
Hongta Securities Company Limited announced the latest progress in its share repurchase program as of August 31, 2025. The company has cumulatively repurchased 2.2169 million shares, representing 0.047% of its total share capital. The total amount spent on these repurchases stands at 20.0145 million yuan, excluding transaction fees, at prices ranging from 8.94 yuan to 9.07 yuan per share.
The share repurchase program, proposed by chairman Jing Feng, commenced on August 4, 2025, and is scheduled to conclude by August 3, 2026. Hongta Securities intends to repurchase shares totaling between 100 million yuan and 200 million yuan, specifically to reduce its registered capital. This initiative was approved during the company's Eighth Board of Directors Second Meeting, Seventh Board of Supervisors Twenty-Fourth Meeting, and the Third Interim Shareholders' Meeting in July and August 2025.
The company reiterated its commitment to comply with relevant regulations, including the "Rules for Repurchase of Shares by Listed Companies" and the "Shanghai Stock Exchange Self-Regulatory Guidance No. 7 - Repurchase of Shares." Hongta Securities will continue to disclose progress in a timely manner, urging investors to be aware of potential investment risks.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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