Pacific Basin Repurchases to Cancel Over 1.6 Million Shares

MT Newswires Live

2024/10/03

Pacific Basin Shipping (HKG:2343) on Thursday repurchased to cancel a further 1,606,000 shares on the market for HK$4.0 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$2.44 and the highest price per share of HK$2.47.

The company has so far repurchased 99,228,000 shares out of the 526,382,305 shares it was authorized to repurchase.

The maritime transport company's shares fell nearly 2% on Thursday's close.

Price (HKD): $2.51, Change: $-0.050, Percent Change: -1.95%

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