Sinotrans to Apply for 379 Million Yuan Loan to Buy Back Shares

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Sinotrans to Apply for 379 Million Yuan Loan to Buy Back Shares

MT Newswires Live10-25

Sinotrans (HKG:0598, SHA:601598) will apply for a loan amounting to 379.4 million yuan to repurchase shares, according to the Shanghai Stock Exchange disclosure on Thursday.

The loan, which will be provided by Bank of China (HKG:3988, SHA:601988), will have an interest rate of up to 2.25%, the Chinese logistics company said.

Price (HKD): $3.92, Change: $-0.020, Percent Change: -0.51%

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