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Hong Leong Asia ( (SG:H22) ) has issued an announcement.
Hong Leong Asia Ltd. announced the completion of Phase One of its Equity Incentive Scheme by its Chinese subsidiary, Sky Cloud. This phase involved awarding a 17.28% interest in Sky Cloud’s enlarged registered capital to participants, following a valuation of RMB7.70 million. The move is part of a broader strategy to incentivize and align stakeholders with the company’s growth objectives.
More about Hong Leong Asia
Hong Leong Asia Ltd. is a diversified industrial conglomerate based in Singapore. The company operates in various sectors, including manufacturing and distribution, with a focus on the Asian market.
Average Trading Volume: 1,020,618
Current Market Cap: S$800.5M
For a thorough assessment of H22 stock, go to TipRanks’ Stock Analysis page.