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Bairong, Inc. Class B ( (HK:6608) ) has shared an update.
Bairong Inc. has granted a total of 9,251,500 share awards under its 2024 Share Scheme to employees and service providers, equivalent to about 2.41% of its outstanding Class B shares as of the grant date, at no issue price and based on a market closing price of HK$11.06 per share on the day of grant. The awards, which exclude senior management and directors, will vest over periods of up to four years starting in January 2027 and are subject to specified performance targets and appraisal grades, reinforcing performance-linked incentives and potentially strengthening staff retention and alignment with the company’s long-term objectives.
The most recent analyst rating on (HK:6608) stock is a Buy with a HK$13.00 price target. To see the full list of analyst forecasts on Bairong, Inc. Class B stock, see the HK:6608 Stock Forecast page.
More about Bairong, Inc. Class B
Bairong Inc. is a Cayman Islands-incorporated company listed in Hong Kong and controlled through weighted voting rights, with Class B shares traded under stock code 6608. The group operates with a workforce that includes both employees and external service providers, and uses equity-based incentive schemes to align personnel interests with long-term corporate performance.
Average Trading Volume: 2,977,220
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.25B
Learn more about 6608 stock on TipRanks’ Stock Analysis page.