Pacific Basin Shipping ( (HK:2343) ) just unveiled an update.
Pacific Basin Shipping Limited has announced a share buyback program set to run from March 3, 2025, to December 31, 2025, with a maximum fund allocation of US$40 million. The initiative aims to optimize the company’s capital structure, enhance earnings per share, and reflect confidence in its long-term growth prospects, though it remains subject to market conditions and shareholder approval.
More about Pacific Basin Shipping
Pacific Basin Shipping Limited operates in the shipping industry, focusing on providing dry bulk shipping services. The company is known for its extensive fleet of vessels and serves a global market, transporting commodities such as grains, minerals, and other bulk cargoes.
YTD Price Performance: -20.45%
Average Trading Volume: 10,199
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.07B
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