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COSCO SHIPPING Development announces share repurchase and stock changes

June 9, 2025 at 10:25 PM UTCBy FilingReader AI

COSCO SHIPPING Development Co., Ltd. (SSE:601866, HKEX: 02866) announced changes in its issued share capital, including an ongoing share repurchase program. On June 6, 2025, the company repurchased 1,425,000 H-shares on the Hong Kong Stock Exchange, at prices ranging from HKD 1.0095 per share, for a total consideration of HKD 1,438,530. Simultaneously, the company repurchased 2,200,000 A-shares on the Shanghai Stock Exchange with stock code SSE:601866 at RMB 2.4881 per share for a total consideration of RMB 5,473,909. All repurchased shares are intended for cancellation. As of June 6, 2025, COSCO SHIPPING Development has 3,528,899,000 H-shares issued and outstanding, 9,798,993,820 A-shares, and 28,724,292 treasury shares. These changes have resulted in a total issued share count of 9,827,718,112 and do not reflect the pending cancellation of repurchased shares. The repurchases are part of a previously approved plan authorized on June 28, 2024, allowing the company to repurchase up to 367,600,000 shares.

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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