Aluminum of China (HK:2600) has released an update.
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Aluminum Corporation of China Limited announced the repurchase and cancellation of 866,831 restricted shares not yet unlocked, as part of adjustments to its 2021 Restricted Share Incentive Scheme. This move follows the retirement or job adjustments of 21 participants, necessitating the repurchase at the original grant price with added interest. The company’s decision reflects strategic management of its equity incentives and impacts on shareholder value.
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