Zhongyu Energy Repurchases 0.50 Million Shares for HK$1.30 Million, Lifts Treasury Stock to 52.44 Million

Bulletin Express
2 hours ago

Zhongyu Energy Holdings Limited disclosed that it bought back 500,000 ordinary shares on 1 September 2026 via on-market transactions on the Hong Kong Stock Exchange.

The shares were repurchased at prices ranging between HK$2.585 and HK$2.615, with a volume-weighted average consideration of approximately HK$2.60 per share. Total cash outlay amounted to HK$1.30 million.

The transaction represents 0.0185% of Zhongyu Energy’s 2.70 billion issued shares (excluding treasury shares) outstanding as of 31 August 2026. Following the buyback, the company’s issued share capital (excluding treasury shares) decreased to 2.70 billion, while the pool of treasury shares increased to 52.44 million. The overall number of issued shares, including treasury shares, remained unchanged at 2.75 billion.

The purchase was executed under the general mandate granted by shareholders on 26 June 2026, which authorises the company to repurchase up to 270.56 million shares. Cumulative repurchases since the mandate total 9.74 million shares, equivalent to 0.36% of the issued share base when the mandate was approved. In line with Hong Kong listing rules, Zhongyu Energy is subject to a 30-day moratorium—up to 1 October 2026—on issuing new shares or disposing of treasury shares following the latest repurchase.

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