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China Railway Group ( (HK:0390) ) just unveiled an announcement.
China Railway Group Limited has announced a plan to repurchase certain A shares of the company through centralized bidding on the Shanghai Stock Exchange. The repurchase aims to reduce the registered capital, with a budget of RMB800 million to RMB1,600 million, using self-owned funds and a special loan. The repurchase period is set for 12 months, and the company assures that significant shareholders have no plans to decrease their holdings in the near future, maintaining stability in shareholder structure.
More about China Railway Group
China Railway Group Limited operates in the infrastructure and construction industry, focusing on the development and management of railway projects. The company is known for its extensive work in railway construction and related services, positioning itself as a key player in the transportation infrastructure sector.
YTD Price Performance: -14.12%
Average Trading Volume: 1,039
Technical Sentiment Signal: Buy
Current Market Cap: $17.54B
For detailed information about 0390 stock, go to TipRanks’ Stock Analysis page.
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