中远海控拟耗资不超14.98亿元回购A股股份

Core Viewpoint - China COSCO Shipping Holdings Co., Ltd. plans to repurchase A-shares worth up to 1.498 billion RMB to enhance shareholder value and investor confidence due to its stock price being below the net asset value per share [1][2] Group 1: Repurchase Details - The repurchase will involve buying back between 50 million to 100 million shares, representing approximately 0.32% to 0.65% of the total share capital [1] - The maximum repurchase price is set at 14.98 RMB per share, with a total expenditure cap of 1.498 billion RMB [1] - The implementation period for the repurchase is three months from the board's approval, with provisions for adjustments if significant events occur [2] Group 2: Financial Performance - In the first half of 2025, the company reported revenue of 109.1 billion RMB, a year-on-year increase of 7.78%, and a net profit of 17.54 billion RMB, up 3.95% [1] - As of October 13, the stock price was 14.44 RMB per share, with a total market capitalization of 223.7 billion RMB [1] Group 3: Shareholder Communication - The company has inquired with major shareholders regarding any plans to reduce their holdings in the next three to six months, receiving confirmations of no such plans [2] - In addition to the A-share repurchase, the company also intends to repurchase H-shares under a general authorization framework without needing further shareholder approval [2]