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Hilong Holding Ltd. ( (HK:1623) ) has issued an announcement.
Hilong Holding Limited has granted 50,257,216 existing shares under its 2023 Share Award Scheme to 107 employees, including co-chief executive officer Gao Zhihai, representing 2.96% of the company’s issued share capital and with an aggregate market value of about HK$9.85 million. The awards, which use only shares purchased by a trustee and therefore do not dilute existing shareholders, will vest in three tranches over three years and form part of Hilong’s long-term incentive and retention framework, with the grant to the connected person Mr. Gao approved by independent committees and qualifying for exemptions under Hong Kong’s connected transaction rules.
The most recent analyst rating on (HK:1623) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Hilong Holding Ltd. stock, see the HK:1623 Stock Forecast page.
More about Hilong Holding Ltd.
Average Trading Volume: 2,263,204
Technical Sentiment Signal: Hold
Current Market Cap: HK$322.3M
Find detailed analytics on 1623 stock on TipRanks’ Stock Analysis page.