COSCO SHIPPING Holdings Co ( (HK:1919) ) has shared an update.
COSCO SHIPPING Holdings Co., Ltd. has announced a plan to repurchase A Shares and H Shares as approved by their board. The A Shares Repurchase Plan aims to safeguard the company’s value and boost investor confidence by aligning the market price with the intrinsic value of the shares. The plan involves repurchasing between 50 million to 100 million A Shares through centralized price bidding on the Shanghai Stock Exchange, with a maximum fund allocation of RMB1.483 billion. This strategic move is expected to enhance shareholder value and stabilize the company’s stock performance.
More about COSCO SHIPPING Holdings Co
COSCO SHIPPING Holdings Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the shipping and logistics industry, focusing on providing comprehensive shipping services and solutions. The company is involved in the transportation of goods and operates a fleet of container ships, playing a significant role in global trade and logistics.
YTD Price Performance: -27.85%
Average Trading Volume: 1,240
Technical Sentiment Signal: Buy
Current Market Cap: $29.57B
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