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The latest update is out from Hong Leong Asia ( (SG:H22) ).
Hong Leong Asia Ltd. has announced the implementation of an equity incentive scheme by its Chinese subsidiary, Sky Cloud. This scheme involves increasing Sky Cloud’s registered capital by RMB1.25 million, equivalent to a 20% interest in the enlarged capital. The initiative aims to enhance stakeholder engagement and align interests, potentially strengthening the company’s position in the Chinese market. The scheme will be executed in two phases, with completion expected by June 2027, and is anticipated to have a positive impact on the company’s operational and strategic objectives.
More about Hong Leong Asia
Hong Leong Asia Ltd. is a diversified industrial conglomerate based in Singapore, with operations spanning across various sectors. The company, along with its subsidiaries, focuses on manufacturing and distributing products such as diesel engines and building materials, with a significant market presence in China.
See more data about H22 stock on TipRanks’ Stock Analysis page.