Seanergy Maritime Holdings may repurchase up to 10% of outstanding shares that it believes are currently undervalued.
The capesize bulker owner's board of directors has approved a plan to buy up to $17m worth of stock out of $168m trading on the Nasdaq stock exchange.
New York-listed Seanergy's net asset value (NAV) stood at $1.55 per share as of 2 August, but its share price was only $1.05
