Sinotrans (HK:0598) has released an update.
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Sinotrans Limited has announced a voluntary initiative by its controlling shareholder, Sinotrans & CSC, to bolster its stake in the company with an investment of RMB 250 million to RMB 500 million within the next six months, at a price not exceeding RMB 7.43 per share. This move reflects the shareholder’s strong belief in the company’s future and is aimed at reinforcing investor confidence and the firm’s sustainable growth. Prior to this, Sinotrans & CSC held approximately 33.89% direct and 58.48% total interest in the company and has committed not to reduce its shareholding during the plan’s implementation period.
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