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Cloud Music Inc. ( (HK:9899) ) has issued an announcement.
Cloud Music Inc. announced the granting of awards under its 2022 Plan to eligible participants, with a total of 28,622 awards given to eight individual employee participants. The awards will vest over a three-year period starting from September 2025, contingent on performance targets. The company has implemented a clawback mechanism for misconduct and specified that grantees will not have shareholder rights until awards are vested. This move reflects the company’s commitment to incentivizing performance and retaining talent, potentially impacting its operational efficiency and market position.
The most recent analyst rating on (HK:9899) stock is a Buy with a HK$310.50 price target. To see the full list of analyst forecasts on Cloud Music Inc. stock, see the HK:9899 Stock Forecast page.
More about Cloud Music Inc.
Cloud Music Inc. operates in the music streaming industry, providing digital music services primarily through its platform. The company focuses on offering a wide range of music content to users, leveraging technology to enhance user experience and engagement.
Average Trading Volume: 1,070,387
Technical Sentiment Signal: Buy
Current Market Cap: HK$58.69B
For detailed information about 9899 stock, go to TipRanks’ Stock Analysis page.