China Hongqiao launches HK$808 million share buyback as board signals confidence in valuation

China Hongqiao Group Ltd. ( (HK:1378) ) just unveiled an update.

China Hongqiao Group Limited has repurchased 25,895,500 of its ordinary shares on the market under a previously approved mandate, paying about HK$808 million at prices between HK$30.12 and HK$32 per share. The repurchased shares, representing roughly 0.26% of the company’s issued share capital, will be cancelled, reducing the total number of issued shares to about 9.95 billion and leaving the controlling shareholders with around 61.26%, a director with 0.09%, and the public float at approximately 38.65%, comfortably above the required level.

The board said the buyback was prompted by a belief that the current share price undervalues the company, and indicated it may consider further repurchases depending on market conditions. Management described the move as a reflection of confidence in China Hongqiao’s long‑term strategy and growth prospects, positioning the transaction as beneficial to the company and its shareholders by potentially enhancing earnings per share and signalling balance-sheet strength.

The most recent analyst rating on (HK:1378) stock is a Buy with a HK$29.00 price target. To see the full list of analyst forecasts on China Hongqiao Group Ltd. stock, see the HK:1378 Stock Forecast page.

More about China Hongqiao Group Ltd.

China Hongqiao Group Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating in the aluminium industry. The group is a major producer of aluminium products, with a substantial shareholder base including controlling shareholders and directors, and maintains a significant public float in the Hong Kong market.

Average Trading Volume: 40,735,536

Technical Sentiment Signal: Buy

Current Market Cap: HK$344.3B

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