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China Railway Group ( (HK:0390) ) has issued an announcement.
China Railway Group Limited has completed the repurchase and cancellation of 54,723,290 restricted shares under its 2021 Restricted Share Incentive Scheme. This move affects 677 participants and represents 0.22% of the company’s total share capital, reducing the total number of shares from 24,741,008,919 to 24,686,285,629. The repurchase and cancellation are part of the company’s efforts to manage its shareholding structure effectively, although 63,700 shares remain frozen and will be addressed once unfrozen.
The most recent analyst rating on (HK:0390) stock is a Buy with a HK$4.50 price target. To see the full list of analyst forecasts on China Railway Group stock, see the HK:0390 Stock Forecast page.
More about China Railway Group
China Railway Group Limited operates in the infrastructure construction industry, primarily focusing on engineering, construction, and related services. It is a major player in the railway construction sector and is listed on both the Shanghai and Hong Kong stock exchanges.
Average Trading Volume: 29,761,161
Technical Sentiment Signal: Buy
Current Market Cap: HK$138.2B
See more data about 0390 stock on TipRanks’ Stock Analysis page.