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The latest announcement is out from Sinotrans ( (HK:0598) ).
Sinotrans Limited announced the cancellation of 22,019,000 H shares that were repurchased on the Hong Kong Stock Exchange, reducing the company’s total share capital to 7,272,197,875 shares. This move is part of the company’s strategic initiative to optimize its capital structure, potentially enhancing shareholder value and reflecting a commitment to efficient capital management.
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. It operates within the logistics and transportation industry, focusing on providing comprehensive logistics services including freight forwarding, shipping agency, and express services.
Average Trading Volume: 8,204,519
Technical Sentiment Signal: Buy
Current Market Cap: HK$40.03B
Find detailed analytics on 0598 stock on TipRanks’ Stock Analysis page.