China Merchants Port Group accelerates share repurchase plan

China Merchants Port Group (SZSE:001872) has announced it will accelerate its ongoing share repurchase program. The decision, disclosed on April 8, 2025, reflects the board's positive outlook for the company and its desire to bolster investor confidence. The company had previously announced a share repurchase plan on October 20, 2024. As of March 31, 2025, CMPG had already utilized 56.1% of the funds allocated for the repurchase. The company stated that it will continue to execute the repurchase plan within the guidelines of relevant regulations, including the "Rules Governing Share Repurchases of Listed Companies" and the Shenzhen Stock Exchange's self-regulatory guidelines. The company will make timely disclosures regarding the progress of the repurchase program.