China Railway Group ( (HK:0390) ) has provided an update.
China Railway Group Limited has announced the repurchase and cancellation of 856,199 restricted shares under its 2021 Restricted Share Incentive Scheme. This decision was made after five participants were disqualified from the scheme due to various reasons including incompetence, disqualification in performance appraisal, negligence, and violation of laws and regulations. The repurchase price for these shares is set at RMB 2.944 per share, reflecting the grant price plus interest. This move is part of the company’s adherence to the scheme’s guidelines and relevant laws, ensuring the integrity of its incentive program.
More about China Railway Group
YTD Price Performance: -2.75%
Average Trading Volume: 12,518
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $18.52B
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