Cosco Shipping repurchases shares on Shanghai Stock Exchange

COSCO SHIPPING Holdings (SSE:601919) announced it repurchased 980,000 A-shares on the Shanghai Stock Exchange on February 25, 2025. The shares were bought back at prices ranging from RMB 13.78 to RMB 13.90 per share, with the total expenditure for the repurchase amounting to RMB 13,556,000. The company stated that the buyback was conducted through trading on the Shanghai Stock Exchange. A total of 12,761,906,166 shares are now in issue. The announcement confirms that the buyback adhered to exchange rules and that there have been no material changes to the information outlined in previous submissions. The company will cancel the purchased shares, with 980,000 shares to be retired and none held as treasury shares. The buyback was authorised by the board, which is to enhance shareholder value.