Sinotrans Completes A Shares Repurchase Plan; Controlling Shareholder to Increase Stake
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Sinotrans Limited has completed its A Shares repurchase plan, buying 92,564,070 A Shares for RMB474.5 million, representing 1.27% of its total issued shares. This move aligns with the company's strategy and does not impact its operations or financial health. Additionally, the controlling shareholder, Sinotrans & CSC Holdings Co., Ltd., plans to increase its stake in the company, indicating confidence in its market position. The latest analyst rating for Sinotrans stock (HK:0598) is a Buy with a HK$5.00 price target.
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