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The latest announcement is out from SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ).
SINOPEC Engineering (Group) Co., Ltd. has announced a class meeting for H Shareholders to be held on May 9, 2025. The meeting will consider a special resolution to grant the Board a mandate to repurchase up to 10% of Domestic and/or H Shares, subject to regulatory approvals and conditions. This move could impact the company’s market positioning by potentially enhancing shareholder value and optimizing capital structure.
More about SINOPEC Engineering (Group) Co., Ltd. Class H
SINOPEC Engineering (Group) Co., Ltd. is a joint stock limited liability company incorporated in the People’s Republic of China. It operates in the engineering and construction industry, focusing on providing engineering, procurement, and construction services primarily in the oil refining, petrochemical, and new coal chemical industries.
YTD Price Performance: -14.20%
Average Trading Volume: 1,861
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.13B
For a thorough assessment of 2386 stock, go to TipRanks’ Stock Analysis page.