Sinotrans completes 448m yuan share buyback program

Sinotrans completed its share repurchase program, buying back 88.3 million A-shares on the Shanghai Stock Exchange by July 31.

The logistics company spent 448.3 million yuan acquiring the shares at prices between 4.67 yuan and 5.32 yuan per share. The repurchase represents 1.21% of total share capital and will be used to reduce registered capital.