Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
BeiGene Ltd ( (HK:6160) ) just unveiled an update.
BeiGene, Ltd. announced the issuance of 133,000,000 new shares under its 2016 Share Option and Incentive Plan to BGNC2, a wholly-owned subsidiary, to satisfy equity awards for approximately 10,900 grantees, including directors, officers, employees, and consultants. This strategic move is part of BeiGene’s long-term growth objectives, with plans to continue its holding company in Switzerland, ensuring no dilutive impact on shareholders and avoiding Swiss taxes on the new shares.
The most recent analyst rating on (HK:6160) stock is a Buy with a HK$148.40 price target. To see the full list of analyst forecasts on BeiGene Ltd stock, see the HK:6160 Stock Forecast page.
More about BeiGene Ltd
BeiGene, Ltd. is a global oncology company focused on discovering and developing innovative cancer treatments that are more affordable and accessible to patients worldwide.
Average Trading Volume: 6,370,762
Technical Sentiment Signal: Hold
Current Market Cap: HK$192.3B
See more insights into 6160 stock on TipRanks’ Stock Analysis page.