Midea Group released a progress announcement on its share repurchase on the evening of October 8. As of September 30, the company had cumulatively repurchased 123 million A-shares through its dedicated repurchase securities account via centralized bidding, accounting for 1.61% of the company's current total share capital. The highest transaction price was 87.71 yuan per share, and the lowest was 73.66 yuan per share, with a total payment of 9.94 billion yuan, excluding transaction fees. According to a previous announcement, the repurchased shares will be cancelled in accordance with the law to reduce registered capital. The repurchase price will not exceed 100 yuan per share, and the repurchase amount will range from 6.5 billion yuan to 13 billion yuan. The implementation period is within 12 months from March 30, 2026, when the board of directors approved the share repurchase plan. In the secondary market, Midea Group's stock price in 2026 has generally fluctuated upward, hitting an intra-year high of 89.50 yuan per share on July 30. As of the close on October 8, it reported 81.74 yuan per share, up 2.05% on the day.
Midea Group Co LtdMidea repurchased 123 million A-shares for 9.94 billion yuan, with shares to be cancelled to reduce registered capital.
