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Sinotrans ( (HK:0598) ) has provided an announcement.
Sinotrans Limited has announced its intention to increase its shareholding in Antong, planning an investment between RMB300 million and RMB600 million within the next 12 months. This move, aimed at strengthening its market position, will involve various methods such as share transfer agreements and block trading, and is subject to certain reporting and review requirements under Hong Kong Listing Rules.
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 company incorporated in China, operating within the logistics and transportation industry. The company provides a range of services including freight forwarding, shipping agency, and warehousing, with a focus on enhancing its market presence through strategic investments.
Average Trading Volume: 7,966,775
Technical Sentiment Signal: Buy
Current Market Cap: HK$39.4B
See more data about 0598 stock on TipRanks’ Stock Analysis page.