JLMAG (06680.HK): buys back 800,000 H shares at HKD 14.6155 avg
- The company bought back 800,000 H shares, about 0.06% of total issued shares, at an average of about HKD 14.6155 each.
- Total consideration was about HKD 11,692,388 excluding expenses; the shares will be cancelled and registered capital reduced.
NewTimeSpace News: On 4 November 2026, JL MAG RARE-EARTH CO., LTD. (stock code: 06680) said in a voluntary announcement that it repurchased 800,000 H shares on the open market, representing about 0.06% of total issued shares, for total consideration of about HKD 11,692,388 excluding commissions and other expenses, at an average of about HKD 14.6155 per H share. The shares will be cancelled in due course with registered capital cut accordingly.
As at the announcement date, the company had repurchased 4,336,800 H shares for about HKD 68,746,658 under the general mandate approved by a special resolution on 28 April 2026. The board believes the current price does not reflect intrinsic value and business prospects, and the buyback shows confidence; further purchases may be made. Public float remains sufficient.
- JLMAG(06680.HK): 2026 Interim Report - Profit Attributable to Shareholders stood at CNY 462.24 million, YoY increase of 51.58%
- JLMAG (06680.HK): Proposes Change of Use of Proceeds from H-Share Convertible Bonds, Reallocating USD 15 Million to Debt Repayment and Raw Material Procurement
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