Cosco Shipping Development continues share repurchase program

COSCO SHIPPING Development (SSE:601866) has announced continued activity in its share repurchase program on the Hong Kong Stock Exchange. Over the period of late April through late May 2025, the company has been actively buying back its H-shares. Specifically, on May 19, May 20, May 21, May 22, and May 23, the company repurchased 1,000,000, 5,000,000, 3,126,000, 2,843,000 and 5,000,000 shares, respectively. The prices paid per share varied, with transactions executed between HKD 0.875 and HKD 1.04 per share. The total amount paid for repurchased shares between May 19 and May 23 were HKD 15,664,940. All repurchased shares will be cancelled. As of May 23, 2025, the company's issued share capital stands at 3,528,899,000 shares.