Sinotrans Adjusts Repurchased Shares Strategy Amid Regulatory Timeline
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Sinotrans Limited announced a change in the usage of its repurchased A Shares from an equity incentive scheme to cancellation and reduction of registered capital. This decision is due to the approaching three-year holding limit for the shares. The company plans to cancel 5,882,578 A Shares, subject to approval at the general meeting, which may impact shareholder value.
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