Sinotrans (HK:0598) has released an update.
Sinotrans Limited has announced a plan to repurchase A shares through centralized price bidding on the Shanghai Stock Exchange, aiming to enhance investor confidence and stabilize the company’s value. The repurchase will involve spending between RMB271 million and RMB542 million, targeting a price cap of RMB7.43 per share. All repurchased shares will be canceled, reducing the company’s registered capital.
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