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COSCO Shipping Development completes A-share repurchase plan

June 28, 2025 at 05:18 AM UTCBy FilingReader AI

COSCO SHIPPING Development (SSE:601866) announced the completion of its A-share repurchase program on June 26, 2025. The company repurchased 47.01 million A-shares, representing 0.35% of its total share capital as of June 26, 2025. The repurchase price ranged from CNY 2.21 per share to CNY 2.73 per share, with an average price of CNY 2.37 per share. The total expenditure for the repurchase amounted to CNY 111,211,415, excluding transaction costs, funded through bank loans and company funds. The repurchased shares are scheduled to be cancelled on June 30, 2025, reducing the company's registered capital. The repurchase was initiated to maintain company value and shareholder interests, as approved by the board of directors on April 8, 2025.

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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