Kindstar Globalgene Repurchases 55,000 Shares; Treasury Stock Rises to 7.45 Million

Bulletin Express
Jul 02

Kindstar Globalgene Technology, Inc. (Kindstar Globalgene) disclosed that it repurchased 55,000 ordinary shares on 30 June 2026 via on-exchange transactions under its existing buyback mandate.

The shares were bought at prices ranging between HKD 0.94 and HKD 0.99, resulting in an aggregate consideration of HKD 0.05 million and an average cost of HKD 0.94 per share. All repurchased shares have been retained as treasury stock.

Following the transaction, the number of issued shares (excluding treasury shares) fell by 0.00532% to 1.03 billion, while treasury shares increased to 7.45 million. The company’s total issued share count remains unchanged at 1.04 billion because the repurchased shares have not been cancelled.

The buyback forms part of a mandate approved on 05 June 2026 that authorises the repurchase of up to 103.43 million shares. To date, Kindstar Globalgene has repurchased 384,000 shares under this mandate, representing 0.04% of the shares outstanding on the approval date, leaving capacity to repurchase a further 103.04 million shares.

Under Hong Kong Stock Exchange rules, the company is subject to a moratorium on issuing new shares or disposing of treasury shares until 30 July 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10