China Merchants Shekou updates share buyback, land acquisitions and sales

China Merchants Shekou Industrial Zone Holdings announced progress on its share repurchase program, having bought back 44,804,006 shares, representing 0.494% of its total share capital, by September 30, 2025. The total expenditure for this repurchase amounted to RMB430,266,583.09, with prices ranging from RMB8.48 to RMB10.78 per share. This aligns with the company's approved plan to repurchase shares using self-owned or self-raised funds, including a loan from China Merchants Bank Shenzhen Branch, with the aim to cancel and reduce registered capital.

Concurrently, the company reported its sales performance and recent land acquisitions for September 2025. During September, China Merchants Shekou achieved a contracted sales area of 634,000 square meters, totaling RMB16.698 bn. For the first nine months of 2025, cumulative contracted sales reached 5,086,700 square meters, with a value of RMB140.706 bn.

The company also disclosed five new land acquisitions since August 2025 across Hangzhou, Xi'an, and Nantong, all designated for residential use. These projects include sites in Hangzhou’s Xiaoshan District, Xi’an’s Weiyang District, and multiple locations in Nantong’s Chongchuan District and Innovation Zone, with total payable consideration of RMB305,530,000. These acquisitions expand the company's land bank and are expected to contribute to future development.