Cosco Shipping Holdings repurchases shares on stock exchange

COSCO SHIPPING Holdings (01919.HK) announced it repurchased 5,560,000 H-shares on May 20, 2025, on the stock exchange. The shares were repurchased at a price between HKD 14.2 and HKD 14.64, with a total cost of HKD 80,359,260. The company stated that the repurchases were conducted under existing regulations. To date, 286,535,000 shares have been repurchased under the current mandate, representing 8.9548% of the shares in issue when the repurchase mandate was passed on May 29, 2024. The company may not conduct new share issuances or dispose of treasury shares within 30 days without exchange approval. The buyback reflects the company's confidence, and all repurchased shares are intended for cancellation.