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Sinotrans Shareholders Approve Capital Reduction, Share Cancellation and New Director Appointment

Story Highlights
  • Sinotrans shareholders approved cancelling repurchased shares, reducing capital and revising governance rules.
  • Investors also backed adding a board seat and appointing Gong Weiguo as director, strengthening governance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sinotrans Shareholders Approve Capital Reduction, Share Cancellation and New Director Appointment

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An update from Sinotrans ( (HK:0598) ) is now available.

Sinotrans Limited announced that all resolutions proposed at its 2025 fourth extraordinary general meeting and corresponding A and H shareholders’ class meetings were approved by poll, including changes to the usage and cancellation of repurchased shares, a reduction of registered capital, and amendments to its Articles of Association and board procedural rules to increase the number of board seats. Shareholders also backed the appointment of Mr. Gong Weiguo as a director for the remainder of the fourth board term, underscoring strong investor support for the company’s capital structure optimisation and governance adjustments, which may enhance board capacity and flexibility in future corporate actions.

The most recent analyst rating on (HK:0598) stock is a Hold 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 PRC-incorporated logistics company listed in Hong Kong that provides integrated freight forwarding, shipping, warehousing and related logistics services to domestic and international customers, with both A shares and H shares and a diversified shareholder base across mainland China and overseas markets.

YTD Price Performance: 45.46%

Average Trading Volume: 6,947,109

Technical Sentiment Signal: Buy

Current Market Cap: HK$46.06B

Learn more about 0598 stock on TipRanks’ Stock Analysis page.

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