COSCO Shipping Holdings continues share repurchase program

COSCO Shipping Holdings Limited (01919.HK) announced that it repurchased 7,736,000 H-shares on March 26, 2025, on the Hong Kong Stock Exchange. The shares were bought back at prices ranging from HKD 12.18 to HKD 12.52 per share, resulting in a total expenditure of HKD 95,470,610. The company noted that 226,770,500 shares have been repurchased under the buyback mandate to date. The repurchased shares will be cancelled. COSCO Shipping Holdings stated that the buyback was conducted under the existing mandate approved on May 29, 2024, which allows the company to repurchase up to 319,978,000 shares. The announcement confirms that the company is in compliance with the relevant listing rules and that there have been no material changes to the information previously submitted to the exchange.