HK Stock Market Move | The SBP Group (01177) surged more than 4% during trading. The company plans to repurchase up to HK$2 billion worth of shares.

SBP GROUP (01177) rose more than 4% during the trading day, closing up 3.19% at HK$4.85 by the time of publication, with a trading volume of HK$259 million. On the news front, SBP GROUP announced this morning that the board of directors has approved a share purchase plan. The company plans to repurchase its ordinary shares in the open market for a total amount not exceeding HK$2 billion over the next 12 months, subject to market conditions. The announcement stated that since the beginning of 2026, the company has purchased a total of 60.35 million shares, including buybacks and purchases by trustees responsible for managing share incentive plans, at a total cost of approximately HK$338 million. The board of directors believes that implementing the share purchase plan is in the best overall interest of the company and its shareholders. Repurchasing shares at this time will demonstrate the company's confidence in its business outlook and prospects, and ultimately benefit the company and create value for shareholders. The board of directors believes that the company's existing financial resources are sufficient to implement the share purchase plan and maintain a strong financial position.