China Merchants Shekou to accelerate share repurchase program

China Merchants Shekou Industrial Zone Holdings (SZSE:001979) announced its intention to accelerate its share repurchase program, according to an announcement released on April 8, 2025. The company had previously disclosed plans on October 17, 2024, to repurchase shares through centralized bidding on the Shenzhen Stock Exchange, using its own or self-raised funds, with the intention of canceling the repurchased shares and reducing registered capital. As of March 31, 2025, the company had already utilized 37.75% of the upper limit of funds earmarked for the repurchase program. The accelerated repurchase reflects the board's confidence in the company's sustainable development and its assessment of the company's intrinsic value. China Merchants Shekou stated that the move aims to protect the interests of investors, boost investor confidence, and stabilize and enhance the company's overall value. The company will make repurchase decisions based on market conditions while adhering to relevant regulations.