According to Huoxing Finance, on June 11, HashKey Holdings Limited ("HashKey" or the "Company," stock code: 3887) issued a voluntary announcement stating that the Board has resolved to utilize up to HK$100 million of its own funds (excluding proceeds from the global offering) to repurchase shares on the open market, in accordance with the share repurchase authorization approved at the annual general meeting held on the same day. The repurchase period will run from the date of approval of the share repurchase authorization until the conclusion of the Company’s next annual general meeting. The repurchases will strictly comply with relevant laws and regulations, including the Hong Kong Stock Exchange Listing Rules, the Code on Takeovers and Mergers and Share Repurchases, and the Companies Law of the Cayman Islands. The Board believes that this share repurchase demonstrates the Company’s confidence in its business prospects and future development. The repurchase not only benefits shareholder value creation but also reflects the Group’s sound financial position, enabling it to repurchase shares while maintaining optimal financial resource allocation. Dr. Xiao Feng, Chairman, Executive Director, and CEO of HashKey, stated: "We believe the current share price does not fully reflect the Group’s strategic positioning and growth potential in the Web3 digital financial infrastructure sector. This share repurchase program underscores the Board’s confidence in the Company’s long-term value and our commitment to enhancing shareholder returns."
HashKey Announces Up to HKD 100 Million Share Buyback Program
MarsBitShare
Summary
HashKey announces a share buyback of up to HKD 100 million using its own funds, excluding proceeds from the global offering. The program, valid until the next annual general meeting, reflects confidence in its financial position and long-term strategy. CEO Xiao Feng stated that the move supports value investing in crypto and aims to enhance shareholder returns. The buyback aligns with HashKey’s strong risk-to-reward ratio in its Web3 infrastructure approach.
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