E-Commodities Holdings (HKG:1733) repurchased 15,684,000 shares for HK$14.2 million, according to a Monday filing with the Hong Kong bourse.
The buyback was executed at prices ranging from HK$0.87 to HK$0.94 per share, utilizing the company's existing cash reserves. The repurchased shares, representing 0.5823% of the company's total outstanding shares, will be canceled.
The company has now repurchased 20.6 million shares under its general mandate and may continue to do so based on market conditions.
The coal producer's shares were down 4% in recent trading.
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.