TLDR
- HashKey approved an HK$100 million share buyback plan after its 2026 annual general meeting mandate.
- The company will use internal funds and exclude proceeds from its earlier global offering.
- HashKey shares rebounded to HK$3.05 after recent weakness near their 52-week low.
- The board will decide repurchase timing, size, and pricing based on market conditions.
- HashKey’s buyback follows wider Hong Kong activity around regulated digital assets and stablecoins.
HashKey said its board approved the share repurchase plan through a voluntary announcement. The company said the buyback will be funded with its own resources. It also stated that proceeds from the global offering will not be used.
The repurchase period starts from the date of mandate approval. It will remain valid until the end of the next annual general meeting. The board will decide whether to buy shares based on market conditions.
HashKey said the plan will follow Hong Kong Stock Exchange listing rules. It will also follow the Takeovers Code, Cayman Islands company law, and other rules. The company noted that the approval does not guarantee actual repurchases.
Shares Rebound After Recent Weakness
HashKey shares rose 10.51% to HK$3.05 in the latest available trading data. The move came after the stock traded near its 52-week low. Recent pressure on the shares had increased attention on the buyback decision.
The company said it believes the current share price does not fully reflect its business position. Chairman and Chief Executive Officer Dr. Xiao Feng linked the view to HashKey’s Web3 financial infrastructure strategy. The statement framed the buyback as a capital management step.
The board will retain control over timing, size, and purchase price. This gives HashKey flexibility if market conditions change. However, investors will need to watch future filings for actual buyback activity.
Web3 Strategy Adds Market Context
HashKey is one of Asia’s listed digital asset companies. Its business includes trading, technology services, investment management, on-chain services, and financial infrastructure. The company’s listing came as Hong Kong expanded its regulated crypto market.
HashKey previously launched a Hong Kong IPO with a targeted raise of up to $215 million. After listing, the group remained active in digital asset infrastructure. Its asset management arm also led a $40 million investment in SignalPlus.
The company has also explored stablecoin settlement for trade finance. HashKey signed a memorandum of understanding with Oceanus Group for global trade settlement tools. That project focuses on cross-border commerce and digital payment infrastructure.
The buyback comes as Hong Kong continues building rules for crypto platforms, tokenized assets, and stablecoins. Local policy has supported regulated digital asset activity across financial markets. For HashKey, the approved HK$100 million plan places attention on share performance, capital use, and Web3 growth plans.
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