Weigao Group repurchases 0.24 million H-shares for HKD 0.84 million; treasury stock climbs to 55.13 million

Bulletin Express
May 13

Shandong Weigao Group Medical Polymer Company Limited (Weigao Group) disclosed a share repurchase on 13 May 2026 via the Hong Kong Exchange. The company bought back 240,000 H-shares at prices between HKD 3.47 and HKD 3.50, with a volume-weighted average price of HKD 3.48. The total consideration reached approximately HKD 0.84 million.

Following the transaction, the number of issued shares excluding treasury stock fell by 0.0054% to 4.47 billion, while treasury shares increased to 55.13 million. The overall issued share count remained unchanged at 4.52 billion.

The buyback forms part of a mandate approved on 27 May 2025 that authorises the repurchase of up to 451.56 million shares. Cumulative repurchases under this mandate now stand at 48.48 million shares, representing 10.74% of the shares outstanding on the mandate date. In line with listing rules, Weigao Group is subject to a moratorium on new share issues or treasury share sales until 13 June 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10