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COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) has shared an announcement.
COSCO SHIPPING Energy Transportation Co., Ltd. announced the completion of the registration for the grant of 4,635,800 share options under its 2023 Share Option Incentive Scheme. This registration marks an important step in the company’s strategy to incentivize its core management team, both at headquarters and subsidiaries, through reserved share options. The scheme, approved by the company’s EGM and Class Meetings, is set to align the interests of management with shareholders by offering new A shares at an exercise price of RMB12.09 per share. The impact of this initiative is expected to enhance management performance and shareholder value.
More about COSCO SHIPPING Energy Transportation Co
COSCO SHIPPING Energy Transportation Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates within the energy transportation industry, focusing on the shipping and logistics of energy-related products. The company primarily engages in the transportation of crude oil, refined oil products, and liquefied natural gas.
YTD Price Performance: 16.41%
Average Trading Volume: 1,351
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.01B
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