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Sinotrans ( (HK:0598) ) has issued an announcement.
Sinotrans Limited has announced progress on its proposed spin-off and separate listing of a publicly traded real estate investment trust (REIT) focused on infrastructure assets on the Shanghai Stock Exchange. The company has submitted necessary applications to relevant authorities, and despite challenges in ensuring compliance with certain listing requirements, it is proceeding with the transaction. This move could enhance Sinotrans’ strategic positioning within the logistics sector, although it may not provide assured entitlements to all existing shareholders.
More about Sinotrans
Sinotrans Limited is a joint stock limited company incorporated in the People’s Republic of China, operating primarily within the logistics and infrastructure sectors. The company is involved in warehousing and logistics services, with a focus on infrastructure assets.
YTD Price Performance: -0.87%
Average Trading Volume: 1,100
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.66B
Learn more about 0598 stock on TipRanks’ Stock Analysis page.
