AAC Technologies (HKG:2018) completed its automatic share buyback program, repurchasing a total of 19,676,000 shares for around HK$778 million through on-market buybacks.

The shares represent 1.6417% of the miniature acoustic components maker's issued share capital.

The firm's board, on the same day, authorized a new round of buybacks from the open market worth up to HK$1.2 billion in the next 12 to 18 months.