COSCO SHIPPING Holdings Co (HK:1919) has released an update.
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COSCO SHIPPING Holdings Co. has announced a plan to repurchase A Shares and H Shares to bolster investor confidence. The A Shares repurchase, aimed at reducing the company’s registered capital, will involve buying back between 50 to 100 million shares, representing up to 0.63% of the total share capital. This strategic move is expected to be executed through centralized price bidding within a six-month period, contingent upon shareholder approval.
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