China Railway Group to Repurchase and Cancel Restricted Shares
China Railway Group announced the repurchase and cancellation of 54,786,990 restricted shares under its 2021 Restricted Share Incentive Scheme due to unmet performance indicators for the third unlocking period in 2024. This affects 678 participants and may impact company operations and stakeholders. The latest analyst rating for HK:0390 is a Buy with a HK$4.50 price target.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
China Railway Group ( (HK:0390) ) has provided an announcement.
China Railway Group Limited has announced the repurchase and cancellation of certain restricted shares under its 2021 Restricted Share Incentive Scheme. This decision was made following the company’s failure to meet the performance evaluation indicators set for the third unlocking period in 2024. The company will repurchase and cancel a total of 54,786,990 restricted shares held by 678 participants who did not meet the unlocking conditions, impacting the company’s operations and potentially affecting stakeholders.
The most recent analyst rating on (HK:0390) stock is a Buy with a HK$4.50 price target. To see the full list of analyst forecasts on China Railway Group stock, see the HK:0390 Stock Forecast page.
More about China Railway Group
Average Trading Volume: 30,001,138
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$143B
