FilingReader Intelligence

CIMC's A-share buyback exceeds 1% of total share capital

November 24, 2025 at 10:49 AM UTCBy FilingReader AI

China International Marine Containers (Group) Co., Ltd. (CIMC) announced that as of November 21, 2025, its A-share repurchase program had reached 1.0133% of the company's total share capital. The company bought back 54,644,390 A-shares through centralized bidding transactions.

The repurchases were executed at a highest price of CNY 9.08 per share and a lowest price of CNY 7.85 per share. The total capital expended for the buyback, excluding transaction fees, amounted to CNY 446,286,588.97. This progress aligns with CIMC's previously approved buyback plan.

The buyback program, approved on September 29, 2025, aimed to repurchase A-shares with a total value of at least CNY 300 million and not exceeding CNY 500 million, at a maximum price of CNY 12.01 per share. The repurchased shares are intended to safeguard company value and shareholder interests, with potential future use for employee stock ownership plans or equity incentives.

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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