Pacific Basin Repurchases to Cancel 2.3 Million Shares

MT Newswires Live

2024/09/24

Pacific Basin Shipping (HKG:2343) repurchased to cancel a further 2,333,000 shares on Tuesday on the market for HK$5.0 million, a filing with the Hong Kong Exchange said on the same day.

The repurchase was done at the minimum per-share price of HK$2.10 and the highest price per share of HK$2.15. The company has so far repurchased 94,717,000 shares out of the 526,382,305 shares it was authorized to repurchase.

The maritime transport company's shares rose over 3% on Friday's close.

Price (HKD): $2.16, Change: $+0.070, Percent Change: +3.35%

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