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Pacific Basin Shipping ( (HK:2343) ) has issued an announcement.
Pacific Basin Shipping Limited has completed its Share Buy-Back Programme, purchasing a total of 150,651,000 shares for approximately HK$311 million (US$40 million). The completion of this program, which resulted in the cancellation of the bought-back shares, reflects the company’s strategic financial management and may impact its market positioning by potentially increasing shareholder value.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.
More about Pacific Basin Shipping
Pacific Basin Shipping Limited is a company operating in the shipping industry, focusing on the transportation of dry bulk cargo. The company provides maritime logistics services and is a significant player in the global shipping market.
Average Trading Volume: 16,549,282
Technical Sentiment Signal: Buy
Current Market Cap: HK$14.03B
See more data about 2343 stock on TipRanks’ Stock Analysis page.