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China Railway Group ( (HK:0390) ) has provided an announcement.
China Railway Group Limited has announced the repurchase and cancellation of certain restricted shares under its 2021 Restricted Share Incentive Scheme. This decision was made following the company’s failure to meet the performance evaluation indicators set for the third unlocking period in 2024. The company will repurchase and cancel a total of 54,786,990 restricted shares held by 678 participants who did not meet the unlocking conditions, impacting the company’s operations and potentially affecting stakeholders.
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
Average Trading Volume: 30,001,138
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$143B
See more data about 0390 stock on TipRanks’ Stock Analysis page.