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China Merchants Expressway completes bond issuance, share buyback

October 23, 2025 at 05:20 PM UTCBy FilingReader AI

China Merchants Expressway Network & Technology Holdings Co., Ltd. successfully issued 1.55 bn yuan of its 2025 Technology Innovation Perpetual Corporate Bonds (Tranche 1) to professional investors. The bonds were priced at 100 yuan per share with a coupon rate of 2.00%, attracting a subscription multiple of 4.03 times. China Merchants Securities Co., Ltd., China Merchants Wealth Management Co., Ltd., and other underwriters participated, securing a combined 4.4 bn yuan.

Concurrently, the company completed its share repurchase program, buying back 25,242,402 shares, representing 0.37010% of its total share capital. The repurchase, executed between January 23, 2025, and October 22, 2025, involved a total payment of 310,009,184.90 yuan, with prices ranging from 10.12 yuan to 13.40 yuan per share. These repurchased shares will be canceled, reducing the company's registered capital.

The share repurchase aligns with the company's previously approved plan, which aimed to buy back between 310 m yuan and 618 m yuan worth of shares. Both the bond issuance and share buyback are expected to have no material adverse effect on the company's operations, profitability, or financial stability.

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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