COSCO SHIP DEV reports 1.50 million-share buyback on 2 April; cumulative repurchases rise to 20.89 million A-shares

Bulletin Express04-02

COSCO SHIPPING Development Co., Ltd. (COSCO SHIP DEV) disclosed a Next Day Disclosure Return detailing the latest progress of its A-share repurchase programme on the Shanghai Stock Exchange.

Key takeaways:

1. Latest transaction • On 2 April 2026, the company repurchased 1.50 million A-shares through on-market trades at prices ranging from RMB 2.74 to RMB 2.76 per share. • Total consideration for the day amounted to RMB 4.14 million. • All shares bought back are designated for cancellation.

2. Cumulative repurchases not yet cancelled • From 18 November 2025 to 2 April 2026, COSCO SHIP DEV has repurchased 20.89 million A-shares for cancellation, representing approximately 0.21 % of the current issued share capital. • Based on disclosed transaction prices, the aggregate outlay for these repurchases is estimated at about RMB 54.13 million, with purchase prices ranging between RMB 2.43 and RMB 2.76 per share.

3. Share capital position • Issued A-shares stood unchanged at 9.75 billion as of both 1 April and 2 April 2026. • The company held no treasury shares at either date, as all repurchased shares remain outstanding until formal cancellation.

4. Compliance confirmation The board confirms that all repurchases were executed in accordance with applicable regulations of the Hong Kong Stock Exchange, the Shanghai Stock Exchange and relevant laws, with all funds for the repurchases duly settled.

The ongoing buyback programme reflects COSCO SHIP DEV’s utilisation of its authorised mandate, with share cancellations pending completion of regulatory procedures.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1100312464?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-02 17:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1100312464","market":"us","top_or_hot":-1,"title":"COSCO SHIP DEV reports 1.50 million-share buyback on 2 April; cumulative repurchases rise to 20.89 million A-shares","media":"Bulletin Express","content":"<p>COSCO SHIPPING Development Co., Ltd. (COSCO SHIP DEV) disclosed a Next Day Disclosure Return detailing the latest progress of its A-share repurchase programme on the Shanghai Stock Exchange.</p>\n<p>Key takeaways:</p>\n<p>1. Latest transaction  \n• On 2 April 2026, the company repurchased 1.50 million A-shares through on-market trades at prices ranging from RMB 2.74 to RMB 2.76 per share.  \n• Total consideration for the day amounted to RMB 4.14 million.  \n• All shares bought back are designated for cancellation.</p>\n<p>2. Cumulative repurchases not yet cancelled  \n• From 18 November 2025 to 2 April 2026, COSCO SHIP DEV has repurchased 20.89 million A-shares for cancellation, representing approximately 0.21 % of the current issued share capital.  \n• Based on disclosed transaction prices, the aggregate outlay for these repurchases is estimated at about RMB 54.13 million, with purchase prices ranging between RMB 2.43 and RMB 2.76 per share.</p>\n<p>3. Share capital position  \n• Issued A-shares stood unchanged at 9.75 billion as of both 1 April and 2 April 2026.  \n• The company held no treasury shares at either date, as all repurchased shares remain outstanding until formal cancellation.</p>\n<p>4. Compliance confirmation  \nThe board confirms that all repurchases were executed in accordance with applicable regulations of the Hong Kong Stock Exchange, the Shanghai Stock Exchange and relevant laws, with all funds for the repurchases duly settled.</p>\n<p>The ongoing buyback programme reflects COSCO SHIP DEV’s utilisation of its authorised mandate, with share cancellations pending completion of regulatory procedures.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>COSCO SHIP DEV reports 1.50 million-share buyback on 2 April; cumulative repurchases rise to 20.89 million A-shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCOSCO SHIP DEV reports 1.50 million-share buyback on 2 April; cumulative repurchases rise to 20.89 million A-shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-04-02 17:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>COSCO SHIPPING Development Co., Ltd. (COSCO SHIP DEV) disclosed a Next Day Disclosure Return detailing the latest progress of its A-share repurchase programme on the Shanghai Stock Exchange.</p>\n<p>Key takeaways:</p>\n<p>1. Latest transaction  \n• On 2 April 2026, the company repurchased 1.50 million A-shares through on-market trades at prices ranging from RMB 2.74 to RMB 2.76 per share.  \n• Total consideration for the day amounted to RMB 4.14 million.  \n• All shares bought back are designated for cancellation.</p>\n<p>2. Cumulative repurchases not yet cancelled  \n• From 18 November 2025 to 2 April 2026, COSCO SHIP DEV has repurchased 20.89 million A-shares for cancellation, representing approximately 0.21 % of the current issued share capital.  \n• Based on disclosed transaction prices, the aggregate outlay for these repurchases is estimated at about RMB 54.13 million, with purchase prices ranging between RMB 2.43 and RMB 2.76 per share.</p>\n<p>3. Share capital position  \n• Issued A-shares stood unchanged at 9.75 billion as of both 1 April and 2 April 2026.  \n• The company held no treasury shares at either date, as all repurchased shares remain outstanding until formal cancellation.</p>\n<p>4. Compliance confirmation  \nThe board confirms that all repurchases were executed in accordance with applicable regulations of the Hong Kong Stock Exchange, the Shanghai Stock Exchange and relevant laws, with all funds for the repurchases duly settled.</p>\n<p>The ongoing buyback programme reflects COSCO SHIP DEV’s utilisation of its authorised mandate, with share cancellations pending completion of regulatory procedures.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02866","symbol_name":"中远海发","start_time":0,"source_url":"","article_id":"1100312464","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100312464","pubTimestamp":1775122003,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"COSCO SHIPPING Development Co., Ltd. (COSCO SHIP DEV) disclosed a Next Day Disclosure Return detailing the latest progress of its A-share repurchase programme on the Shanghai Stock Exchange. Key...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02866":"中远海发"},"translate_title":"中远船舶发展4月2日报告回购150万股；累计回购升至2089万股A股","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02866":1},"content_text":"COSCO SHIPPING Development Co., Ltd. (COSCO SHIP DEV) disclosed a Next Day Disclosure Return detailing the latest progress of its A-share repurchase programme on the Shanghai Stock Exchange.\nKey takeaways:\n1. Latest transaction  \n• On 2 April 2026, the company repurchased 1.50 million A-shares through on-market trades at prices ranging from RMB 2.74 to RMB 2.76 per share.  \n• Total consideration for the day amounted to RMB 4.14 million.  \n• All shares bought back are designated for cancellation.\n2. Cumulative repurchases not yet cancelled  \n• From 18 November 2025 to 2 April 2026, COSCO SHIP DEV has repurchased 20.89 million A-shares for cancellation, representing approximately 0.21 % of the current issued share capital.  \n• Based on disclosed transaction prices, the aggregate outlay for these repurchases is estimated at about RMB 54.13 million, with purchase prices ranging between RMB 2.43 and RMB 2.76 per share.\n3. Share capital position  \n• Issued A-shares stood unchanged at 9.75 billion as of both 1 April and 2 April 2026.  \n• The company held no treasury shares at either date, as all repurchased shares remain outstanding until formal cancellation.\n4. Compliance confirmation  \nThe board confirms that all repurchases were executed in accordance with applicable regulations of the Hong Kong Stock Exchange, the Shanghai Stock Exchange and relevant laws, with all funds for the repurchases duly settled.\nThe ongoing buyback programme reflects COSCO SHIP DEV’s utilisation of its authorised mandate, with share cancellations pending completion of regulatory procedures.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1100312464","isCrawlerRequest":true}