China Literature Grants Over 4.5 Million RSUs to Key Personnel

China Literature ( (HK:0772) ) has issued an update.

China Literature Limited has announced the grant of 4,531,609 restricted share units (RSUs) under its 2020 RSU Scheme to certain directors and employees, including executive director Huang Yan and non-executive director Cao Huayi. The RSUs, which do not have performance targets, are part of the company’s strategy to align the interests of its key personnel with those of the company and its shareholders, reinforcing their commitment to the group’s long-term growth. The vesting of these RSUs will occur in tranches over four years, with a clawback provision in place for cases of misconduct or financial misstatement.

The most recent analyst rating on (HK:0772) stock is a Hold with a HK$45.00 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 company incorporated in the Cayman Islands, operating within the literature and digital content industry. It focuses on providing online literature services and digital content products, catering to a broad market of readers and content consumers.

Average Trading Volume: 8,127,004

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$41.53B

Learn more about 0772 stock on TipRanks’ Stock Analysis page.