Hungpu Construction Completes First-Ever Share Buyback, Fully Acquires 6,000 Shares at Average Price of NT$19.53

Hungpu Construction (2536-TW), a construction company listed for over 30 years, announced a share buyback program on July 9 to acquire 6,000 shares below NT$31.50 per share within two months. The program was completed ahead of schedule on the 22nd after just nine trading days, with an average purchase price of NT$19.53 per share.

This marks the first time in Hungpu Construction's 30-year listing history that it has executed a share buyback.

The veteran builder Hungpu Construction closed at NT$18.95 on July 8. After completing the buyback program, the stock closed at NT$18.90 on the day of completion.

Hungpu's board of directors resolved on July 9 to buy back 6,000 shares within a price range of NT$13.50 to NT$31.50. The company is required to continue purchasing even if the price falls below NT$13.50. The purpose of the buyback is to maintain corporate credibility and protect shareholder interests. The 6,000 shares acquired represent 1.8% of the company's total outstanding shares.

Hungpu Construction's Neihu Jiuzong office building project is scheduled for completion this year, with total sales expected at NT$4.08 billion. Future project timelines include the Beitou Yangming project in 2027 (NT$4.5 billion in sales), Shiqing Garden in 2028 (NT$3.5 billion), and Hungpu Central Park Phase III in 2029 (NT$6 billion). Hungpu has ample land inventory to meet development needs for the next four years.

In the first quarter of 2026, Hungpu Construction reported revenue of NT$886 million, post-tax net profit of NT$50.66 million, and earnings per share of NT$0.15.