Sinotrans (HK:0598) has released an update.
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Sinotrans Limited is set to hold a significant H shareholders’ meeting in Beijing on November 15, 2024, to discuss a special resolution on repurchasing A shares through centralized bidding. The meeting aims to approve various aspects of the repurchase, including the purpose, method, and funding, reflecting the company’s proactive management of its share capital. Investors may find this move indicative of Sinotrans’ strategic financial planning and its potential impact on share value.
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