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China Communications Construction Co ( (HK:1800) ) just unveiled an announcement.
China Communications Construction Company Limited has announced its first repurchase of A shares through centralized price bidding, with a planned expenditure of between RMB500 million and RMB1 billion. This move is intended to reduce registered capital, support employee stock ownership schemes, and safeguard the company’s value and shareholders’ interests, potentially impacting its market positioning by enhancing shareholder value.
The most recent analyst rating on (HK:1800) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on China Communications Construction Co stock, see the HK:1800 Stock Forecast page.
More about China Communications Construction Co
China Communications Construction Company Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates in the construction industry, focusing on infrastructure development, including transportation and urban development projects.
Average Trading Volume: 22,865,569
Current Market Cap: HK$138.8B
Learn more about 1800 stock on TipRanks’ Stock Analysis page.