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Dynagreen Environmental Protection Group Co., Ltd. Class H ( (HK:1330) ) just unveiled an announcement.
Dynagreen Environmental Protection Group has moved to repurchase and cancel 180,000 restricted A shares that had been granted under its restricted share incentive scheme to a participant who has since died and terminated their labour relationship with the company. The repurchase price is based on the original grant price of RMB2.95 per share plus applicable interest, with the total outlay estimated at around RMB535,000 funded entirely from the company’s own resources, and the transaction is not classified as a connected transaction under Hong Kong listing rules.
The adjustment reflects routine administration of Dynagreen’s equity incentive scheme and is unlikely to materially affect its capital structure, but it underscores the company’s adherence to scheme rules and regulatory requirements. By strictly following its established incentive plan framework and clarifying that the counterparty is not a connected person, Dynagreen aims to provide transparency and assurance to shareholders about governance and the limited impact of this repurchase on existing investors.
More about Dynagreen Environmental Protection Group Co., Ltd. Class H
Dynagreen Environmental Protection Group Co., Ltd. is a China-based environmental services company focused on waste-to-energy and solid waste treatment projects. Listed in Hong Kong under stock code 1330, it operates within the environmental protection and renewable energy sector, serving municipal and industrial clients seeking sustainable waste management solutions.
Average Trading Volume: 3,200,001
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.57B
For detailed information about 1330 stock, go to TipRanks’ Stock Analysis page.