HK Stock Market Move | COSCO Shipping Holdings (01919) surged more than 4%, planning to spend up to a maximum of 1.498 billion yuan to repurchase 50 million to 100 million A shares.

COSCO Shipping Holdings (01919) rose more than 4%, as of press time, up 4.33% to HK$12.52, with a turnover of HK$1.18 billion. On the news front, COSCO Shipping Holdings announced that on October 13, 2025, the board of directors approved the "Proposal on the Repurchase of Company Shares by COSCO Shipping Holdings," which proposes to repurchase A-shares through centralized bidding trading under the general authorization framework for A-share repurchase (A-share buyback plan) and implement H-share repurchase under the general authorization framework for H-share repurchase (H-share buyback arrangement). As the closing price of A-shares of the Company is lower than the net asset value per share in the most recent period, in order to maintain the Company's value and shareholder rights, enhance investor confidence, and considering factors such as the Company's financial situation, future development, and reasonable valuation levels, it is proposed to use own funds or self-raised funds in accordance with relevant laws and regulations for A-share repurchase, to align the Company's stock market price with its intrinsic value. The A-share repurchase plan will use all repurchased A-shares for cancellation and reduction of registered capital. The total amount of A-shares to be repurchased under the program is 50 million to 100 million shares, accounting for approximately 0.32% to 0.65% of the Company's total share capital as of September 30, 2025. Based on a maximum repurchase price of RMB 14.98 per share, the total maximum amount for this A-share repurchase is RMB 1.498 billion. The specific number of A-shares to be repurchased, the proportion of total share capital, and the total repurchase amount are subject to subsequent implementation.