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Sinotrans ( (HK:0598) ) has shared an update.
Sinotrans Limited announced the disposal of a 25% equity interest in Loscam International by its subsidiary, China Merchants Shipping, for approximately US$472.1625 million. This transaction will reduce Sinotrans’ indirect holding in Loscam International from 45% to 20%, impacting its stake in the company while adhering to Hong Kong Listing Rules without requiring shareholder approval.
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 limited company incorporated in the People’s Republic of China, operating in the logistics and shipping industry. It provides a range of logistics services, and its market focus includes international and domestic logistics solutions.
Average Trading Volume: 10,142,829
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$36.57B
For detailed information about 0598 stock, go to TipRanks’ Stock Analysis page.