COSCO SHIPPING Energy Transportation Co (HK:1138) has released an update.
COSCO SHIPPING Energy Transportation Co., Ltd. has approved the grant of reserved options under its 2023 Share Option Incentive Scheme, issuing 4,635,800 new A Shares at an exercise price of RMB12.09 per share to 24 core management participants. With the market price at RMB11.95 on the grant date, this strategic move highlights the company’s commitment to align management interests with shareholder value. The scheme is now fully subscribed, reflecting strong internal confidence in the company’s future prospects.
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