Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
China Literature ( (HK:0772) ) has issued an announcement.
China Literature Limited has granted a total of 98,821 restricted share units (RSUs) to employees under its 2020 RSU Scheme, with no consideration payable and a reference share price of HK$38.74 on the grant date. The bulk of the RSUs will vest in four equal annual tranches over four years, with a smaller portion vesting in two equal tranches over two years, and vesting is not subject to performance targets but is subject to clawback in cases of misconduct or financial misstatement. The company positions this grant as a tool to recognize past contributions, align employee and shareholder interests, and support long-term retention and growth, while stressing that no directors, chief executives, substantial shareholders, or service providers are among the grantees and that no individual exceeds the regulatory award limit or receives financial assistance for share purchases.
The most recent analyst rating on (HK:0772) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on China Literature stock, see the HK:0772 Stock Forecast page.
More about China Literature
China Literature Limited is a Hong Kong–listed online literature and digital reading company focused on providing internet-based literary content and related intellectual property. Through its platforms, it distributes digital books and stories, and develops derivative works, targeting readers and content consumers primarily in the Chinese-language market.
Average Trading Volume: 4,611,914
Technical Sentiment Signal: Buy
Current Market Cap: HK$36.08B
Find detailed analytics on 0772 stock on TipRanks’ Stock Analysis page.