The board of directors approved the buyback plan following a mandate granted by shareholders at the annual general meeting held on June 11, 2026. According to the company, these repurchases will be financed entirely through internal resources, explicitly excluding any proceeds generated from its previous global offering. The authorization remains effective until the conclusion of the next annual general meeting, though the board retains full discretion regarding the timing, volume, and pricing of specific transactions.
In section Cryptocurrency
HashKey Stock Climbs 10% on HK$100M Buyback Mandate
Shares of HashKey Holdings surged 10.51% to HK$3.05 after the company authorized a HK$100 million share repurchase program. The move arrives as the digital asset firm attempts to stabilize its valuation following a period of persistent downward pressure that pushed the stock toward its 52-week low.
Chairman and CEO Dr. Xiao Feng signaled that the current market price fails to accurately capture the firm's strategic standing within the Web3 financial infrastructure sector. This initiative follows a series of recent expansions for the group, including a $20 million investment in the derivatives platform SignalPlus and a partnership with Oceanus Group aimed at developing stablecoin settlement tools for international trade. While the buyback signals management's confidence, the company cautioned that the approval does not guarantee execution, as future purchases remain subject to shifting market conditions and regulatory compliance under Hong Kong Stock Exchange rules.
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