Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sinotrans ( (HK:0598) ) just unveiled an announcement.
Sinotrans Limited has announced a general mandate granted to its board of directors to repurchase up to 10% of its H shares, as approved in recent shareholder meetings. This move is expected to reduce the company’s registered capital and could potentially impact its financial structure and shareholder value. Creditors are invited to submit claims for creditor’s rights within a specified period, ensuring compliance with relevant regulations.
The most recent analyst rating on (HK:0598) stock is a Sell with a HK$3.60 price target. To see the full list of analyst forecasts on Sinotrans stock, see the HK:0598 Stock Forecast page.
More about Sinotrans
Sinotrans Limited is a joint stock limited company incorporated in the People’s Republic of China, operating in the logistics and transportation industry. It focuses on providing comprehensive logistics services, including freight forwarding, shipping agency, and warehousing, with a strong market presence in China and international markets.
Average Trading Volume: 10,609,277
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$36.81B
Find detailed analytics on 0598 stock on TipRanks’ Stock Analysis page.