Cosco Shipping Holdings continues share buyback program
COSCO SHIPPING Holdings (01919.HK) announced today that it repurchased 680,000 of its own H-shares on the Hong Kong Stock Exchange. The shares were bought back at a price between HKD 12.10 and HKD 12.24 per share, costing the company a total of HKD 8,289,880. The buyback was conducted under an existing mandate, which allows the company to repurchase up to 319,978,000 shares. Since the mandate was approved on May 29, 2024, COSCO SHIPPING has already repurchased 227,960,500 shares, representing 7.1243% of its issued share capital as of the approval date. The company intends to cancel the repurchased shares. COSCO SHIPPING confirmed that all share buyback activities are conducted in accordance with Hong Kong listing rules.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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