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GCL Technology Grants HK$296 Million in Share Awards to Senior Staff and Directors

Story Highlights
  • GCL Technology granted 271.7 million nil-cost share awards to 40 key staff, about 0.8% of its share capital.
  • Most of the awards went to directors and connected persons, aligning management incentives with long-term shareholder interests.
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GCL Technology Grants HK$296 Million in Share Awards to Senior Staff and Directors

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GCL-Poly Energy Holdings ( (HK:3800) ) just unveiled an announcement.

GCL Technology Holdings has granted 271,732,888 share awards at nil consideration to 40 eligible senior managers, key employees and core operational staff under its share award scheme, representing about 0.818% of its issued share capital and carrying a market value of roughly HK$296 million based on the latest closing price. A substantial portion of 227,500,000 award shares has been allocated to connected persons, including executive and independent non-executive directors, underscoring the company’s ongoing use of equity incentives to align management and key personnel with shareholder interests and to support long-term retention and performance within the group.

The most recent analyst rating on (HK:3800) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.

More about GCL-Poly Energy Holdings

GCL Technology Holdings Limited is a Hong Kong–listed energy and technology group incorporated in the Cayman Islands, operating through its subsidiaries in the clean energy and related technology sector. The company focuses on advanced materials and energy solutions and is listed on the Main Board of the Stock Exchange of Hong Kong under stock code 3800.

Average Trading Volume: 543,945,058

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$36.54B

See more insights into 3800 stock on TipRanks’ Stock Analysis page.

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