CMOC (03993.HK): A-share buyback of RMB 1-2 billion, cap RMB 22.78
- The price cap equals 150% of the 30-trading-day average A-share price before the board resolution, subject to adjustment for ex-rights and ex-dividend events.
- At the RMB 1 billion lower bound about 43,898,157 shares would be repurchased; at the RMB 2 billion upper bound about 87,796,312 shares.
NewTimeSpace News: On 6 November 2026, CMOC Group Limited (Stock Code: 03993) said its board approved an A-share buyback through centralised bidding on the Shanghai Stock Exchange. The buyback will total RMB 1 billion to RMB 2 billion (inclusive), at no more than RMB 22.78 per share or 150% of the 30-trading-day average price before the resolution, within three months. At the cap, about 43,898,157 to 87,796,312 shares, or 0.21% to 0.41% of total share capital, would be bought back.
The announcement shows the buyback uses own or self-raised funds to maintain company value and shareholder interests, with no shareholder approval required. Repurchased shares may be sold by centralised bidding 12 months after the results announcement, and any unsold within three years will be cancelled. CMOC said the plan will not materially affect its operations, profitability, debt servicing or R&D, and its shareholding distribution will remain listing-compliant.
