China Yuchai International (CYD) has released an update.
China Yuchai International has announced the approval of new equity incentive plans by its board, aimed at its subsidiaries GYMCL and MGP to enhance long-term growth and incentivize key contributors. The plans will result in an estimated share-based expense of $6.87 million over six years, reflecting the company’s strategy to align the interests of directors, officers, and employees with those of the company. The initiative is designed to motivate personnel through direct equity stake opportunities, subject to shareholder approval and specific lock-up restrictions.
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