Sinotrans Secures Shareholder Approval for Key Financial Resolutions

Sinotrans ( (HK:0598) ) just unveiled an announcement.

Sinotrans Limited announced that all resolutions proposed at its 2024 Annual General Meeting and the 2025 Shareholders’ Class Meetings were approved by shareholders via poll. These resolutions include mandates for issuing and repurchasing H Shares, updating debt financing instruments, and setting estimated guarantees for 2025. The approval of these resolutions is expected to strengthen Sinotrans’ financial strategies and operational capabilities, potentially enhancing its market position and stakeholder confidence.

The most recent analyst rating on (HK:0598) stock is a Sell with a HK$3.20 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 within the logistics and transportation industry. The company focuses on providing comprehensive logistics services, including freight forwarding, shipping agency, and warehousing, primarily targeting both domestic and international markets.

Average Trading Volume: 10,609,277

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$36.81B

See more data about 0598 stock on TipRanks’ Stock Analysis page.