China Merchants Shipping (601872.SH) plans to spend 222 million yuan to 443 million yuan to buy back shares to cancel

Zhitongcaijing · 10/17 10:01

Zhitong Finance App News, China Merchants Shipping (601872.SH) announced that the company plans to repurchase shares through centralized bidding transactions through the Shanghai Stock Exchange trading system using its own or self-funded funding sources. All shares repurchased this time will be cancelled and the company's registered capital reduced. The repurchase amount is not less than RMB 222 million (inclusive) and not more than RMB 443 million (inclusive). The repurchase period is 12 months from the date the company's shareholders' meeting reviews and approves the repurchase plan. The share repurchase price does not exceed 150% of the average trading price of the company's shares in the 30 trading days before the board of directors reviewed and approved the share repurchase resolution.