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Zhuzhou CRRC Times Electric Co ( (HK:3898) ) has shared an update.
Zhuzhou CRRC Times Electric Co., Ltd. announced the completion of its repurchase and cancellation of 53,591,700 H Shares, which accounts for approximately 3.7967% of its total issued share capital. This strategic move, involving a total expenditure of HK$1,655,483,980.48, is expected to impact the company’s share capital structure by reducing the total number of issued shares, potentially enhancing shareholder value and market positioning.
The most recent analyst rating on (HK:3898) stock is a Buy with a HK$34.20 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 company incorporated in the People’s Republic of China, operating in the electric and transportation industry. It is primarily involved in the production and service of electric components and systems for rail transit equipment.
Average Trading Volume: 3,003,197
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$48.73B
Learn more about 3898 stock on TipRanks’ Stock Analysis page.