Automated Systems Proposes New Share Scheme

Automated Systems Holdings Limited (HK:0771) has released an update.

Automated Systems Holdings Limited has announced a special general meeting to consider adopting a new share option scheme and terminating the existing one, subject to the conditions laid out in the resolutions. The proposed scheme will allow the board to grant share options and issue shares, with a cap set at 10 percent of the company’s issued shares. Shareholders will meet to discuss and possibly approve these changes to the company’s share option structure.

For further insights into HK:0771 stock, check out TipRanks’ Stock Analysis page.