Hong Leong Asia (DE:HOM) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Hong Leong Asia Ltd. has announced that its subsidiaries in China are initiating two equity incentive schemes, which involve a collective increase of registered capital in MGP by RMB28 million (about S$5.20 million), representing a 6.54% stake. This move is part of a broader strategy to incentivize participants who will hold their interest through separate partnership vehicles. The company views this action as a disposal of interest in MGP, which will result in GYMCL retaining a 93.46% interest post-disposal.
For further insights into DE:HOM stock, check out TipRanks’ Stock Analysis page.