Cosco Shipping Holdings Announces Share Buyback Plan for A-Shares Valued Between 770 Million and 1.54 Billion Yuan

Stock News

07/06

Cosco Shipping Holdings Co.,Ltd. (ASX: 601919) has announced a plan to repurchase its A-shares through centralized trading on the exchange.

The company intends to buy back between 50 million and 100 million A-shares.

Based on the maximum repurchase price of RMB 15.40 per share, the total amount involved in the buyback is estimated to be between RMB 770 million and RMB 1.54 billion.

The repurchase is deemed necessary to safeguard the company's value and the interests of its shareholders.

All shares repurchased under this program will be cancelled, leading to a reduction in the company's registered capital.

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