Cosco Shipping Development continues share buyback program

COSCO SHIPPING Development (SSE:601866) announced that it continued its share buyback program on February 27, 2025. The company repurchased 1,000,000 A-shares on the Shanghai Stock Exchange at a purchase price between RMB 2.38 and RMB 2.3952 per share. The aggregate price was RMB 2,395,220. The shares will be cancelled. The announcement also detailed ongoing buybacks and potential cancellations dating back to November 2024, with previous per-share prices ranging from RMB 2.3478 and RMB 2.7594 per share. After the A shares were purchased, the total number of issued shares for company A is 9,899,938,612, of which 28,724,292 are treasury shares.