Pacific Basin Shipping (HKG:2343) bought back 2,501,000 shares from the open market on Monday for HK$5.3 million, a same-day bourse filing said.
The shares were bought back at the highest and lowest price of HK$2.6 and HK$2.55 apiece, respectively.
The repurchased shares are expected to be canceled soon.
The maritime transport company's shares closed nearly 3% higher on Monday.
Price (HKD): $2.61, Change: $+0.070, Percent Change: +2.76%
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