An announcement from Sinotrans ( (HK:0598) ) is now available.
Sinotrans Limited has announced the completion of its controlling shareholder’s shareholding increase plan, which involved acquiring an additional 53,123,631 A shares through centralized bidding on the Shanghai Stock Exchange. This move increased the controlling shareholder’s direct holding to approximately 34.62% of the total issued shares, reinforcing its influence within the company. The implementation of this plan, which exceeded the lower limit of RMB 250 million, aligns with regulatory compliance and does not affect the company’s listing conditions or change its controlling shareholder.
More about Sinotrans
Sinotrans Limited is a joint stock company incorporated in China, operating within the logistics and transportation industry. The company primarily focuses on providing comprehensive logistics services, including freight forwarding, shipping agency, and warehousing, with a significant presence in the Chinese market.
YTD Price Performance: 1.95%
Average Trading Volume: 2,650
Technical Sentiment Signal: Strong Sell
Current Market Cap: $4.39B
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