STAR CM Executes HK$0.02 Million On-Market Buyback, Outstanding Shares Dip 0.006%

Bulletin Express
12 hours ago

STAR CM Holdings Limited reported a minor contraction in its share capital after repurchasing 22,900 ordinary shares on 9 September 2026. The shares were bought on the Hong Kong Stock Exchange at prices ranging from HK$0.81 to HK$0.85, for a volume-weighted outlay of HK$0.02 million.

Following the transaction, STAR CM’s issued share count (excluding treasury shares) slipped to 397.48 million from 397.50 million, a reduction of 0.0058%. Concurrently, treasury shares increased to 1.06 million, bringing the total share count to 398.54 million.

The buyback forms part of a mandate approved on 18 June 2026 authorising the company to repurchase up to 39.85 million shares. Including the latest transaction, STAR CM has repurchased 0.99 million shares under this mandate—equivalent to 0.25% of the company’s outstanding shares on the mandate date—leaving capacity for a further 38.86 million shares.

No repurchased shares have been cancelled; all 22,900 shares acquired will be held as treasury stock. In accordance with Hong Kong listing rules, STAR CM is subject to a moratorium on new share issues or treasury-share sales until 9 October 2026.

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