China Railway (00390) announced that the company has set up a dedicated repurchase securities account at the Shanghai branch of China Securities Depository and Clearing Corporation Limited (CSDC) and applied to CSDC for the repurchase and cancellation procedures for 8.7647 million restricted stocks that have been granted to 57 incentive targets but have not yet lifted the trading restrictions.
According to Zhito Finance APP, China Railway (00390) announced that the company has opened a dedicated repurchase securities account at the Shanghai branch of China Securities Depository and Clearing Corporation Limited (CSDC) and has applied to CSDC to handle the repurchase and cancellation procedures for 8.7647 million restricted stocks that have been granted to 57 incentive targets but have not yet lifted the sales restrictions. The cancellation of the restricted stocks is expected to be completed by December 25, 2024.