COSCO SHIPPING Development Co (HK:2866) has released an update.
COSCO SHIPPING Development Co., Ltd. has announced plans to repurchase its A and H shares to boost investor confidence and align with future development goals. The company intends to execute the A Share buyback through centralized bidding on the Shanghai Stock Exchange, with a planned duration of six months pending shareholder approval. This strategic move aims to reduce the registered capital by canceling repurchased shares.
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