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Sinotrans ( (HK:0598) ) has provided an announcement.
Sinotrans Limited has announced a proposed reduction of its registered capital and amendments to its articles of association. This decision follows the cancellation of over 98 million A shares repurchased between 2022 and 2025, leading to a decrease in total share capital. The proposed changes are subject to shareholder approval at upcoming meetings and final regulatory approval. This move is expected to streamline the company’s capital structure and potentially enhance shareholder value.
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 is primarily focused on providing comprehensive logistics services, including freight forwarding, shipping agency, and warehousing, with a market focus on both domestic and international logistics solutions.
Average Trading Volume: 8,988,647
Technical Sentiment Signal: Buy
Current Market Cap: HK$48.01B
For an in-depth examination of 0598 stock, go to TipRanks’ Overview page.