Sinotrans's Controlling Shareholder to Boost Shareholding; Stocks Up 5%
MT Newswires Live2024-10-14
Sinotrans (HKG:0598, SHA:601598) controlling shareholder Sinotrans & CSC Holdings plans to increase its shareholding in the Company's A shares from 250 million yuan to 500 million yuan, according to a Monday filing with the Hong Kong bourse.
The maximum price per share will be 7.43 yuan, and the implementation period will be six months from the announcement date.
Currently, Sinotrans and CSC hold approximately 33.89% of the company's A shares and 58.48% of the total shares when combined with their associates.
The company's share prices were up by over 5% in recent Hong Kong trading.
Price (HKD): $4.17, Change: $+0.20, Percent Change: +5.04%
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