Cosco Shipping cancels repurchased H shares, shifts equity

COSCO SHIPPING Holdings (SSE:601919) announced the cancellation of 92,000,000 repurchased H shares, representing 0.59% of the company's issued share capital as of May 28, 2025. This move follows the cancellation of 52,417,606 repurchased A shares on May 30, 2025. Post-cancellation, the company's total issued shares stand at 15,489,706,653, comprised of 12,609,887,153 A shares and 2,879,819,500 H shares, all freely tradable. The cancellation passively increased the equity stake of China Ocean Shipping Group Co., Ltd. (COSCO) and its concerted parties by 1%, with COSCO now holding 7,009,619,897 shares, equivalent to 45.25% of the company. The adjustment also affected the holdings of other entities, including China Ocean Shipping Co., Ltd. , COSCO SHIPPING (Hong Kong) Co., Ltd, and Peaktrade Investments Limited.