---
title: "CIMC Enric Launches On-Market Share Buyback of Up to 1.5% of Capital"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288065085.md"
description: "CIMC Enric Holdings (HK:3899) has received shareholder approval for a mandate to repurchase up to 10% of its issued share capital. The board plans to buy back no more than 1.5% of issued shares in the open market for up to HKD200 million, reflecting confidence in its future prospects. The latest analyst rating for the stock is a Buy with a price target of HK$13.00."
datetime: "2026-05-29T12:05:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288065085.md)
  - [en](https://longbridge.com/en/news/288065085.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288065085.md)
---

# CIMC Enric Launches On-Market Share Buyback of Up to 1.5% of Capital

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The latest announcement is out from CIMC Enric Holdings ( (HK:3899) ).

CIMC Enric Holdings has received shareholder approval for a general mandate allowing it to repurchase up to 10% of its issued share capital, excluding treasury shares. Following this mandate, the board has resolved to use part of this capacity to conduct an on-market buyback of no more than 1.5% of issued shares.

The planned repurchase will be executed in the open market for a maximum aggregate consideration of HKD200 million, subject to market conditions and at the board’s discretion. The company frames the move as a reflection of confidence in its future prospects and intrinsic value, aiming to safeguard shareholder interests, bolster market confidence and enhance its investment appeal.

The most recent analyst rating on (HK:3899) stock is a Buy with a HK$13.00 price target. To see the full list of analyst forecasts on CIMC Enric Holdings stock, see the HK:3899 Stock Forecast page.

**More about CIMC Enric Holdings**

CIMC Enric Holdings Limited is a Hong Kong–listed company incorporated in the Cayman Islands and traded under stock code 3899. The group operates in industrial equipment and related solutions, with a shareholder base that includes non-executive, executive and independent non-executive directors overseeing its governance and strategic development.

**Average Trading Volume:** 8,528,764

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$19.64B

For an in-depth examination of 3899 stock, go to TipRanks’ Overview page.

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