Sinotrans (HK:0598) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
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.
For further insights into HK:0598 stock, check out TipRanks’ Stock Analysis page.
