Summary by Futu AI
Sinotrans Limited (SINOTRANS) recently announced that it will carry out a share repurchase plan, which has been approved at the shareholder meeting. According to the announcement, the company will repurchase up to 10% of the total number of issued shares, approximately a maximum of 0.729 billion shares. The shares repurchased this time will be at a price not exceeding HK$7.43 per share. The company stated that the share repurchase will help enhance shareholder value and reflects management's confidence in the company's future development prospects. The specific implementation time of the share repurchase plan has not been announced yet.