Sinotrans ( (HK:0598) ) has provided an update.
Sinotrans Limited announced the progress of its connected transactions involving the formation of a joint venture, Zhanjiang Sinotrans Chemical International Logistics Co., Ltd., which has completed its registration and obtained a business license. The joint venture has also entered into a transfer agreement with Zhanjiang Port Group for acquiring land-use rights, marking a significant step in expanding Sinotrans’ logistics capabilities and strengthening its market position in the chemical logistics sector.
More about Sinotrans
Sinotrans Limited is a joint stock limited company incorporated in the People’s Republic of China, operating in the logistics industry. The company focuses on providing comprehensive logistics services, including freight forwarding, shipping agency, and warehousing, with a market focus on international logistics solutions.
YTD Price Performance: 5.22%
Average Trading Volume: 975
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.67B
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