XD Inc. has launched an automatic share buy-back program valued at HK$400 million.
02
The program commences on June 12, 2026, and is scheduled to conclude by November 11, 2026, or earlier if the HK$400 million cap is reached.
03
An independent broker will execute the repurchases on the Hong Kong Stock Exchange using pre-determined, non-discretionary parameters to ensure compliance with Listing Rules.
04
All shares repurchased under this program will be cancelled by the company.
05
The Stock Exchange granted a waiver from Rule 10.06(2)(e), allowing buy-backs to continue during restricted periods surrounding interim results announcements.
06
The company has implemented information barriers between itself and the broker to prevent the flow of insider information during the execution of the program.
07
The program is structured to avoid triggering mandatory offer obligations under the Takeovers Code.
Insights
01
XD Inc. has launched an automatic share buy-back program valued at HK$400 million.
02
The program commences on June 12, 2026, and is scheduled to conclude by November 11, 2026, or earlier if the HK$400 million cap is reached.
03
An independent broker will execute the repurchases on the Hong Kong Stock Exchange using pre-determined, non-discretionary parameters to ensure compliance with Listing Rules.
04
All shares repurchased under this program will be cancelled by the company.
05
The Stock Exchange granted a waiver from Rule 10.06(2)(e), allowing buy-backs to continue during restricted periods surrounding interim results announcements.
06
The company has implemented information barriers between itself and the broker to prevent the flow of insider information during the execution of the program.
07
The program is structured to avoid triggering mandatory offer obligations under the Takeovers Code.