China Railway Group to Repurchase and Cancel Restricted Shares

China Railway Group ( (HK:0390) ) has issued an update.

China Railway Group Limited has announced the repurchase and cancellation of 856,199 restricted shares under its 2021 Restricted Share Incentive Scheme. This action follows the disqualification of five participants due to various reasons, including incompetence and legal violations. The repurchase will slightly reduce the total number of shares, but the company’s shareholding structure remains largely unchanged, maintaining its market position and adhering to regulatory compliance.

The most recent analyst rating on (HK:0390) stock is a Buy with a HK$4.80 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 construction and engineering industry, focusing on infrastructure development, including railways, highways, and urban transit systems. The company is a major player in the Chinese market and is involved in various large-scale projects both domestically and internationally.

YTD Price Performance: -8.08%

Average Trading Volume: 28,159,616

Technical Sentiment Signal: Sell

Current Market Cap: HK$141.1B

For detailed information about 0390 stock, go to TipRanks’ Stock Analysis page.