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Dongfang Electric ( (HK:1072) ) has provided an update.
Dongfang Electric announced its decision to repurchase and cancel a total of 17,334 restricted A shares that were previously granted to a participant no longer qualified due to organizational changes. This action, which aligns with their 2019 Restricted A Share Incentive Scheme, will slightly reduce the total share count from 3,117,499,457 to 3,117,482,123 shares, but is not expected to impact the company’s management stability, financial position, or operating results.
More about Dongfang Electric
Dongfang Electric Corporation Limited operates in the manufacturing industry, primarily focusing on producing power generation equipment and providing related services.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $5.91B
Learn more about 1072 stock on TipRanks’ Stock Analysis page.
