China Railway to Repurchase 2.6 Million Yuan of Shares

MT Newswires Live

2025/03/14

China Railway (HKG:0390, SHA:601390) will buy back 856,199 shares from five shareholders at 2.944 yuan apiece for a total of 2.6 million yuan, according to a Thursday filing with the Hong Kong bourse.

The shares were repurchased from the holders due to incompetence, disqualification from appraisals, and violations of laws and regulations, among other factors, the filing said.

Shares rose 2% in Shanghai and 1% in Hong Kong during Friday's afternoon trading.

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