Cosco Shipping further progresses A-share repurchase program

COSCO SHIPPING Holdings (SSE:601919) announced further progress in its A-share repurchase program via centralized bidding, according to filings. From March 1 to March 11, 2025, the company repurchased 3,227,630 A-shares, accounting for 0.02% of the total share capital as of February 28, 2025. The highest purchase price was 13.79 yuan per share, with the lowest at 13.46 yuan per share, totaling 43.86 million yuan. Cumulatively, COSCO SHIPPING has now repurchased 92,307,742 A-shares, representing 0.58% of the company's total share capital as of February 28, 2025, for a total cost of 1.29 billion yuan. The highest price paid was 14.71 yuan per share, and the lowest was 13.46 yuan per share. This buyback adheres to the previously disclosed repurchase plan, in which the number of A-shares repurchased ranged from 50 million to 100 million. The funds are intended for capital reduction or maintaining company value.