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Liaoning Port Company Limited Class H ( (HK:2880) ) has shared an update.
Liaoning Port Co., Ltd. has announced the completion of a significant share repurchase, buying back 333,707,456 shares through centralized price bidding, which were subsequently canceled. This move reduces the company’s registered capital and necessitates amendments to its Articles of Association, reflecting the updated share and capital structure. These changes are in compliance with relevant Chinese securities regulations and aim to optimize the company’s financial management and shareholder value.
The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.
More about Liaoning Port Company Limited Class H
Liaoning Port Co., Ltd. is a sino-foreign joint stock limited company incorporated in the People’s Republic of China. The company operates within the port industry, focusing on port operations and related services. It is listed on the Shanghai Stock Exchange and engages in activities such as share repurchases to manage its capital structure.
Average Trading Volume: 18,850,475
Technical Sentiment Signal: Buy
Current Market Cap: HK$41.08B
For an in-depth examination of 2880 stock, go to TipRanks’ Overview page.