Pacific Basin Shipping (HKG:2343) repurchased 3.5 million shares on Sept. 13 from the market for around HK$6.9 million, a same-day filing with the Hong Kong exchange said.

The shares were bought back at the highest and lowest price per share of HK$2.01 and HK$1.95, respectively.

The shipping firm expects to cancel the repurchased shares soon.

Shares of the company were down 1% in recent trade.

Price (HKD): $1.96, Change: $-0.020, Percent Change: -1.01%