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SINOTRANS' Controlling Shareholder Receives RMB300M Loan from CMB to Raise Shareholding in A-shrs
SINOTRANS (00598.HK) received a letter from its controlling shareholder, Sinotrans & CSC Holdings, titled “Notification Letter Regarding the Source of Funds for Increasin...
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SINOTRANS' Controlling Shareholder Receives RMB300M Loan from CMB to Raise Shareholding in A-shrs
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SINOTRANS (00598.HK)  +0.010 (+0.244%)    Short selling $1.40M; Ratio 5.578%   received a letter from its controlling shareholder, Sinotrans & CSC Holdings, titled “Notification Letter Regarding the Source of Funds for Increasing the Shareholding in Sinotrans Limited” last Friday (18th), according to SINOTRANS' announcement.

In response to the decision and deployment of the Party Central Committee and the State Council, Sinotrans & CSC Holdings and China Merchants Bank (CMB) Beijing Branch entered into the "Cooperation Agreement".

Related NewsCICC Elevates SINOTRANS (00598.HK) TP to $4.75, Keeps Rating at Outperform
It is reported that CMB intended to provide Sinotrans & CSC Holdings with financing support to increase its shareholding in the listed company, with a loan amount not exceeding RMB300 million, which will be used exclusively for the purpose of increasing its shareholding in SINOTRANS' A shares by means of centralized bidding transactions.

The source of funds for the shareholding increase plan is Sinotrans & CSC Holdings' equity or self-financed funds, SINOTRANS added.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.)

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