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Grown Up Group Clarifies Pay Packages for New CEO and Finance Director

Story Highlights
  • Grown Up Group detailed remuneration for new CEO Jan Ankersen and finance chief Fong Ho Tat.
  • The company confirmed salaries and bonus structures for these roles while keeping prior changes unchanged.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Grown Up Group Clarifies Pay Packages for New CEO and Finance Director

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Grown Up Group Investment Holdings Limited ( (HK:1842) ) just unveiled an announcement.

Grown Up Group Investment Holdings Limited has issued a supplemental announcement detailing the remuneration packages for newly appointed senior executives, following an earlier notice on changes to its executive director and chief executive officer roles. Newly appointed CEO of Grown Up Middle East Co LLC, Jan Ankersen, will receive a monthly basic salary of AED 148,000, including education allowance, plus a discretionary performance-based bonus, while Group Finance Director Fong Ho Tat is entitled to a monthly basic salary of HK$80,000 and a year-end bonus equal to one month’s salary, with all other previously announced information remaining unchanged.

The most recent analyst rating on (HK:1842) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Grown Up Group Investment Holdings Limited stock, see the HK:1842 Stock Forecast page.

More about Grown Up Group Investment Holdings Limited

Grown Up Group Investment Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with a board comprising executive and independent non-executive directors overseeing its regional operations, including a Middle East unit and group finance function.

Average Trading Volume: 1,954,363

Technical Sentiment Signal: Sell

Current Market Cap: HK$68.4M

For an in-depth examination of 1842 stock, go to TipRanks’ Overview page.

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