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COSCO SHIP HOLD Plans to Repurchase Max. 100M A-shrs, Simultaneously Implement H-shr Buyback
COSCO SHIP HOLD (01919.HK) announced that the Board considered and approved the buyback resolution, pursuant to which it is proposed to use its own funds or self-raised funds in ac...
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COSCO SHIP HOLD Plans to Repurchase Max. 100M A-shrs, Simultaneously Implement H-shr Buyback
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COSCO SHIP HOLD (01919.HK)  +0.510 (+4.250%)    Short selling $51.72M; Ratio 11.220%   announced that the Board considered and approved the buyback resolution, pursuant to which it is proposed to use its own funds or self-raised funds in accordance with the relevant laws and regulations to repurchase A shares through centralized price bidding on the stock trading system of the Shanghai Stock Exchange and pursuant to the General Mandate to Repurchase A Shares, in order to safeguard the value of the Company and the interests of shareholders and enhance investors' confidence.

The total number of the A shares to be repurchased shall range from 50 million shares to 100 million shares, representing approx. 0.32-0.65% of the total share capital of the Company as of the end of September 2025.

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Based on the maximum repurchase price of RMB14.98 per share, the maximum total funds would be RMB1.498 billion, representing about 0.3% of the Company's total assets for 1H25, 0.65% of net assets attributable to shareholders of the listed company, and 0.89% of cash and cash equivalents.

In addition to the repurchase of A shares, COSCO SHIP HOLD intended to simultaneously implement the repurchase of H shares under the General Mandate to Repurchase H Shares in accordance with the requirements of the Hong Kong Listing Rules, the Articles of Association and other applicable laws and regulations.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-14 12:25.)

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