TIME INTERCON (01729.HK): 24-Month Buyback of Up to HKD500 Million
On 6 November 2026, TIME INTERCON said its board approved buying back up to HKD500 million of its shares over 24 months, funded from internal resources.
Key Highlights:
- The board authorised a buyback of up to HKD500 million within 24 months from 6 November 2026, funded internally.
- Purchases will use the mandate from the 29 May 2026 annual general meeting, capped at 10% of issued shares excluding treasury shares.
NewTimeSpace News: On 6 November 2026, TIME Interconnect Technology Limited (Stock Code: 1729) announced that its board authorised a plan to buy back shares on the open market for up to HKD500 million in total within 24 months from approval, funded internally.
The announcement shows that purchases will be made under the mandate granted at the annual general meeting on 29 May 2026 until the conclusion of the 2027 annual general meeting, capped at 10% of the issued shares (excluding treasury shares); later purchases require a fresh mandate. The board will act so that the public float stays above the Exchange's minimum and no mandatory general offer obligation arises under Rules 26 and 32 of the Takeovers Code.
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