GIGADEVICE (03986.HK): Cumulative A-share buyback hits 2.72m
- To date the Company has cumulatively repurchased 2,717,800 A shares, representing 0.39% of its total share capital.
- The repurchases ranged from RMB 308.99 to RMB 411.95 per share, averaging RMB 380.71, for a total of RMB 1,034.6918 million excluding transaction costs.
NewTimeSpace News: On 12 October 2026, GigaDevice Semiconductor Inc. (stock code: 03986.HK) published the full text of its A-share repurchase progress announcement filed on the Shanghai Stock Exchange website.
To date the Company has cumulatively repurchased 2,717,800 shares through centralized bidding, representing 0.39% of its total share capital, at a maximum price of RMB 411.95, a minimum of RMB 308.99 and an average of RMB 380.71 per share, for a total of RMB 1,034.6918 million excluding transaction costs.
The plan was approved at the 14th meeting of the fifth board on 31 July 2026 and the second extraordinary general meeting of 2026 on 20 August 2026, runs from 20 August 2026 to 19 February 2027, targets RMB 1 billion to RMB 2 billion at no more than RMB 750 per share, and the shares will be cancelled to reduce registered capital.
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