Pacific Basin Repurchases to Cancel 2.1 Million Shares

MT Newswires Live
2024-09-20

Pacific Basin Shipping (HKG:2343) repurchased to cancel a further 2,104,000 on Friday on the market for HK$4.4 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$2.04 and the highest price per share of HK$2.08. The company has so far repurchased 89,384,000 shares out of the 526,382,305 shares it was authorized to repurchase.

The maritime transport company's shares rose nearly 2% on Friday's close.

Price (HKD): $2.09, Change: $+0.040, Percent Change: +1.95%

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