AK Medical's (HKG:1789) board approved an increase in the budget for on-market share repurchases to HK$500 million from HK$150 million, according to a Monday Hong Kong bourse filing.
The company plans to repurchase shares through June 17 under an existing mandate that allows it to buy back up to 112.3 million shares, or 10% of its issued share capital as of the 2025 annual general meeting.
AK Medical said it intends to hold repurchased shares as treasury shares rather than cancel them.
Hong Kong Johnson (HKG:1955) expects an 85% to 90% decline in attributable profit for the year ended March 31 from HK$16 million a year prior, according to a Friday Hong Kong bourse filing.The janitorial services provider's revenue is expected to jump between 82% and 87% from HK$1.84 billion in the prior-year period.The firm attributed the profit forecast to higher costs amid sustained geopolitical tensions and rising oil prices, as well as downward pressure on the gross profit margin of the cleaning services sector due to intense competition.
Muyuan Foods (HKG:2714, SHE:002714) sold nearly 6.9 million finished hogs in May, up 7.4% year on year, according to a Hong Kong bourse filing Friday.The average selling price of finished hogs was around 9.80 yuan per kilogram, representing a year-on-year decrease of 33%.The company generated 8.57 billion yuan in sales from finished hogs during the month, down 30% from a year prior.The lower selling price and sales revenue of finished hogs were mainly due to fluctuations in hog market conditions.
Zhongliang (HKG:2772) recorded contracted sales of around 550 million yuan in May, with a gross floor area (GFA) of 58,000 square meters, according to a Friday Hong Kong bourse filing.The property firm's average selling price for the month stood at approximately 9,500 yuan per square meter.For the five months ended May 31, contracted sales and GFA reached roughly 3.12 billion yuan and 319,000 square meters, respectively, with an average selling price of 9,800 yuan per square meter.