GreenTea Group repurchased 279,200 shares at HKD8.84 to HKD9 per share

Summary

Green Tea Group repurchased 279,200 shares on May 6, 2026, at prices between HKD 8.84 and HKD 9.00, totaling approximately HKD 2.5 million PUBT+ 2. This action is part of a continuous buyback campaign initiated in April to stabilize the stock following a major 15.96% stake disposal by shareholder Partners Group Finet HK.

Impact Analysis

So basically, management is in a full-blown tug-of-war with its former backer. The interesting part isn't just the HKD 2.5M spent today PUBT, but the fact that they’ve steadily pushed the buyback price floor from the HKD 7.80 range in late April Zhitong up to the HKD 9.00 mark now Zhitong. This is a classic 'defense buyback' triggered by Partners Group’s decision to exit their 15.96% stake Finet HK.

While the market initially panicked—dropping the stock over 10% in early April —the company’s aggressive absorption of over 4.7 million shares has successfully neutralized the immediate selling pressure . I’d read this as a signal that the technical overhang is clearing, especially with J.P. Morgan also surfacing as a buyer during the dip . The trade here hinges on whether management's cash reserves can outlast the PE exit. For now, the HKD 9.00 level looks like a firm line in the sand drawn by the board.