On September 7, Cao Cao Mobility announced a share buyback of 170,000 shares for HK$2.3119 million, at prices between HK$13.49 and HK$13.73 per share. The repurchased shares will be held as treasury stock. Cumulative buybacks reach 4.8609 million shares, representing 0.83% of issued shares as of the authorization date.
On August 10, Jinjiang Hotels announced the buyback and cancellation of a total of 2,219,982 restricted shares, involving 242 incentive recipients, expected to complete on August 13. Of these, 2,129,253 shares were repurchased due to unmet performance targets, and 90,729 shares due to changes in incentive recipients. After cancellation, total share capital will decrease from 1.0663 billion to 1.0641 billion shares.
Expensify, Inc. announced the final results of its modified 'Dutch auction' tender offer, accepting 6,053,023 shares of Class A common stock at $1.20 per share, for a total cost of approximately $7.26 million, representing about 6.8% of outstanding shares. The offer expired on June 10, 2026, and the company will pay with cash on hand.
Expensify announced preliminary results of its modified Dutch auction tender offer, expecting to repurchase 6,140,642 shares of Class A common stock at $1.20 per share, totaling approximately $7.37 million, representing about 6.9% of outstanding shares. The offer was undersubscribed against the $25 million target. CEO David Barrett stated the company is undervalued and repurchase is an attractive use of capital.
CMF Capital, an investor in Booking Holdings, sent a letter to the board criticizing its aggressive share buyback program for increasing financial risk. CMF noted that the company's equity ratio declined from about 39% in 2019 to 11% by end of 2022 and has since turned negative. The investor urges suspending buybacks and using cash flow to reduce debt and rebuild equity. Booking Holdings has not responded.
Amex GBT announced an increase of $300 million to its share repurchase authorization, bringing it to $600 million. The company also reported strong preliminary Q4 2025 results: revenue up 34% to $792 million, TTV up 45% to $10 billion, and adjusted EBITDA up 17% to $130 million. Full-year revenue grew 12% to $2.718 billion, TTV up 17% to $36 billion. The company reiterated 2026 guidance with revenue growth of 19-21%.