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COSCO SHIPPING Development Co ( (HK:2866) ) has provided an update.
COSCO SHIPPING Development Co., Ltd. has announced a class meeting for its H shareholders to consider and approve a special resolution for an A Share Repurchase Mandate. This mandate authorizes the board to repurchase up to 10% of the company’s A shares using company or self-raised funds. The initiative is part of the company’s strategic efforts to manage its capital structure and enhance shareholder value, potentially impacting its market positioning and stakeholder interests.
More about COSCO SHIPPING Development Co
COSCO SHIPPING Development Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates within the shipping industry, focusing on the development and investment in shipping and related industries.
Average Trading Volume: 34,878,189
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$30.2B
Find detailed analytics on 2866 stock on TipRanks’ Stock Analysis page.