Cosco Shipping Development continues buyback program in February

COSCO SHIPPING Development Co., Ltd. (SSE:601866) has actively continued its share buyback program throughout February 2025, according to a series of filings. The company disclosed ongoing daily buybacks of its A shares on the Shanghai Stock Exchange, with the most recent transactions occurring on February 28, 2025. The company bought back, during February 2025, but before the last day, 7,500,000 A shares. The last day of February 2025 added another 1,714,700. The company stated in a H-share announcement that the total number of shares issued before all transactions started was 9,871,214,320. These shares were to be cancelled. These buybacks are part of a larger initiative approved by the board and are in compliance with relevant regulations of the Shanghai Stock Exchange.