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Zhuzhou CRRC Times Electric Co ( (HK:3898) ) just unveiled an announcement.
Zhuzhou CRRC Times Electric has cancelled 10,245,600 repurchased H shares, reducing its total issued share capital to 1,347,702,812 shares, comprising 868,907,512 A shares and 478,795,300 H shares. The repurchases, conducted between February 10 and May 6, 2026 under an already approved H-share mandate, used about HK$364.7 million and represent roughly 0.75% of the company’s total shares at the time of shareholder approval.
Following the cancellation, the shareholding of CRRC’s subsidiaries in the company remains at 675,841,485 shares, but their combined stake has risen from 49.77% to 50.15% due to the reduced share base. This consolidation slightly strengthens the controlling shareholder’s relative position, potentially improving control and signaling confidence in the company’s value to investors through capital management actions.
The most recent analyst rating on (HK:3898) stock is a Hold with a HK$36.80 price target. To see the full list of analyst forecasts on Zhuzhou CRRC Times Electric Co stock, see the HK:3898 Stock Forecast page.
More about Zhuzhou CRRC Times Electric Co
Zhuzhou CRRC Times Electric Co., Ltd. is a Chinese joint stock company specializing in rail transit equipment and related electrical systems, with its shares listed in both A-share and H-share markets in mainland China and Hong Kong. The company operates under the umbrella of CRRC Group, with CRRC and its subsidiaries collectively holding just over half of the company’s share capital, reflecting a strong state-backed industrial and infrastructure focus.
Average Trading Volume: 2,799,309
Technical Sentiment Signal: Buy
Current Market Cap: HK$67.09B
Learn more about 3898 stock on TipRanks’ Stock Analysis page.