Pacific Basin Shipping (HK:2343) has released an update.
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Pacific Basin Shipping Limited has successfully concluded its share buy-back program, purchasing 138,221,000 shares for approximately HK$312 million, which have now been cancelled. This strategic move aims to optimize the company’s capital structure and could potentially enhance shareholder value as the total number of shares in issue now stands at over 5.15 billion.
For further insights into HK:2343 stock, check out TipRanks’ Stock Analysis page.
