Cosco Shipping Development buys back 5m A-shares

COSCO SHIPPING Development (SSE:601866) disclosed today that it repurchased 5,000,000 of its A-shares on the Shanghai Stock Exchange. The buyback was executed at a price between RMB2.23 and RMB2.2397 per share, resulting in a total expenditure of RMB11,198,528. Following the buyback, the company's total issued shares, including those held for treasury, amount to 9,827,718,112. The repurchased shares will be cancelled. This buyback was conducted according to regulations, and the company confirms no material changes to the information provided in its previous circular dated June 7, 2024.