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The latest announcement is out from COSCO SHIPPING Development Co ( (HK:2866) ).
COSCO SHIPPING Development Co., Ltd. has announced a voluntary plan to repurchase A and H shares, aiming to align the market price with the intrinsic value of its shares and boost investor confidence. The A Share Repurchase Plan is subject to shareholder approval and will involve centralized price bidding on the Shanghai Stock Exchange, with the implementation period extending until the 2025 annual general meeting.
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, operating in the shipping and logistics industry. The company focuses on the development and management of shipping assets and related financial services, aiming to enhance its market position and shareholder value.
Average Trading Volume: 31,610,622
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$30.79B
For a thorough assessment of 2866 stock, go to TipRanks’ Stock Analysis page.