BRIEF-COSCO Shipping Development Says On 8 April, Board Approved Proposal To Repurchase A Shares

Reuters
09 Apr
BRIEF-COSCO Shipping Development Says On 8 April, Board Approved Proposal To Repurchase A Shares

April 9 (Reuters) - COSCO SHIPPING Development Co Ltd 601866.SS:

  • ON 8 APRIL, BOARD CONSIDERED AND APPROVED PROPOSAL TO REPURCHASE A SHARES

  • TOTAL NUMBER OF A SHARES TO BE REPURCHASED SHALL RANGE FROM 40 MILLION A SHARES TO 80 MILLION A SHARES

  • MAXIMUM REPURCHASE PRICE OF A SHARES SHALL NOT EXCEED RMB3.53 PER SHARE

  • ON 8 APRIL BOARD CONSIDERED AND APPROVED PROPOSAL TO REPURCHASE H SHARES

Further company coverage: 601866.SS

((Reuters.Briefs@thomsonreuters.com;))

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