Lates News

COSCO Shipping Corporation announced that the company recently received a "Loan Commitment Letter" issued by the Shanghai Branch of Bank of China, agreeing to provide special loan support for the company's repurchase of A shares. The loan amount shall not exceed 274 million yuan, and the loan period shall not exceed three years. Prior to this, the board of directors approved a plan to repurchase 40 to 80 million shares of A shares at a price not exceeding 3.81 yuan per share on August 29, 2025. The loan commitment letter is valid for one year, and the company will repurchase and fulfill its disclosure obligations based on market conditions.