Tongguan Gold (00340.HK) said its board on June 16, 2026, approved a plan to repurchase shares in the open market, subject to market conditions.
According to Jin10, the company said the maximum total amount for the buyback will not exceed HK$300 million, and it may repurchase up to 531 million shares, representing 10% of the total issued shares as of the date of the shareholders’ meeting.
The repurchased shares will be held as treasury shares and may be used for lawful purposes including cancellation, employee incentives, reissuance for financing, or as consideration for mergers or acquisitions.
The company said the buyback will be funded by internal resources and will not rely on external financing.
PRECIOUS METALS | Tongguan Gold Approves Share Buyback of Up to HK$300 Million
2026-06-16 10:07:45
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