NEWBORNTOWN (09911.HK): Cancels 4.94 Million Repurchased Shares
- The repurchase mandate allowed up to 141,300,639 shares, being 10% of the issued shares (excluding treasury shares) at the 2026 AGM date.
- A total of 4,942,000 shares were repurchased for about HKD 45.5 million (excluding transaction costs) and all were cancelled.
NewTimeSpace News: On 14 October 2026, Newborn Town Inc. (09911.HK) announced that, under the repurchase mandate granted by shareholders at the 2026 annual general meeting, it repurchased an aggregate of 4,942,000 shares on the Main Board of the Stock Exchange through on-market transactions during the period from 26 August 2026 to 30 September 2026, at a total consideration of about HKD 45.5 million (excluding transaction costs). The repurchased shares were cancelled on 14 October 2026.
As a result, the Company's total issued shares decreased from 1,400,338,391 to 1,395,396,391. After the cancellation, the Company remains in compliance with the minimum public float requirement under the Listing Rules. The board believes the cancellation will increase the net asset value and/or earnings per share.
