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Sinotrans ( (HK:0598) ) has shared an announcement.
Sinotrans Limited has successfully completed its A Shares repurchase plan, initially approved in October 2024, using self-owned or self-financed funds. The company repurchased 92,564,070 A Shares, amounting to approximately 1.27% of its total issued shares, with a total expenditure of RMB474.5 million. This strategic move, which aligns with the company’s repurchase plan, is not expected to adversely impact its operations, financial health, or listing status. Additionally, Sinotrans & CSC Holdings Co., Ltd., the controlling shareholder, has proposed increasing its shareholding in the company, further indicating confidence in Sinotrans’s market position.
The most recent analyst rating on (HK:0598) stock is a Buy with a HK$5.00 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 storage services, primarily within the Chinese market.
YTD Price Performance: 54.28%
Average Trading Volume: 9,329,082
Technical Sentiment Signal: Buy
Current Market Cap: HK$46.89B
For an in-depth examination of 0598 stock, go to TipRanks’ Overview page.