Shiyue Daotian Launches Up to HK$100 Million H-Share Buyback Plan

Shiyue Daotian Group Co., Ltd Class H ( (HK:9676) ) has issued an announcement.

Shiyue Daotian Group Co., Ltd. has announced that its board will exercise a previously approved share repurchase mandate, allowing it to buy back up to 42,181,943 H shares, or 10% of its H shares in issue as of June 26, 2025. The company plans to deploy up to HK$100 million of its own funds to repurchase shares on the open market at prices no more than 5% above the average closing price over the preceding five trading days, with the repurchased stock either cancelled or held as treasury shares for potential use in equity incentives or future financing. The board argues that the current share price undervalues the company’s intrinsic worth and growth prospects and sees the buyback as a signal of confidence and a move in the best interests of shareholders, while cautioning that the timing, scale and execution of any repurchases will depend on market conditions and operational needs, with no guarantee that buybacks will ultimately be carried out.

The most recent analyst rating on (HK:9676) stock is a Hold with a HK$8.50 price target. To see the full list of analyst forecasts on Shiyue Daotian Group Co., Ltd Class H stock, see the HK:9676 Stock Forecast page.

More about Shiyue Daotian Group Co., Ltd Class H

Shiyue Daotian Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong as an H-share issuer. The company operates within the broader PRC corporate sector and accesses international capital markets through its Hong Kong listing, giving it a shareholder base that includes both domestic and overseas investors.

Average Trading Volume: 842,180

Technical Sentiment Signal: Hold

Current Market Cap: HK$15.3B

For an in-depth examination of 9676 stock, go to TipRanks’ Overview page.