Cosco Shipping buys back 7m shares in one day

COSCO Shipping Holdings (01919.HK) disclosed that it repurchased 7 million of its own shares on March 25, 2025, on the Hong Kong Stock Exchange. The buyback was executed at prices ranging from HKD 12.32 to HKD 12.62 per share, resulting in a total expenditure of HKD 87.2 million. The company has been actively engaged in share repurchases, having bought back a total of 219 million shares since a shareholder resolution on May 29, 2024. The repurchased shares represent approximately 6.8453% of the company's issued share capital as of the date of the resolution. COSCO Shipping Holdings has scheduled its general meeting for 2025, so they cannot engage in further share buybacks for 30 days after.