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Sinotrans ( (HK:0598) ) has provided an update.
Sinotrans Limited has announced a special resolution for the repurchase of its H shares, which will be considered at the upcoming H shareholders’ class meeting on June 5, 2025. This move, subject to regulatory compliance and shareholder approval, allows the company to repurchase up to 10% of its issued H shares, potentially impacting its market positioning and shareholder value.
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. The company focuses on providing comprehensive logistics services, including freight forwarding, shipping agency, and warehouse management, primarily serving the Chinese market.
Average Trading Volume: 11,909,871
Technical Sentiment Signal: Buy
Current Market Cap: HK$34.62B
For detailed information about 0598 stock, go to TipRanks’ Stock Analysis page.