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Horizon Construction Development Limited ( (HK:9930) ) has issued an announcement.
Horizon Construction Development Limited has announced the grant of 5,650,000 restricted shares to Mr. Zhan, the company’s executive director and CEO, as part of its Restricted Share Award Scheme. This grant, representing approximately 0.18% of the company’s issued shares, is a connected transaction under Hong Kong’s Listing Rules, subject to reporting and annual review requirements. The vesting of these shares is contingent upon the company achieving 80% or more of its performance targets, with a vesting schedule spread over three years. This move aims to align the interests of the executive leadership with the company’s performance goals, potentially impacting the company’s operational focus and stakeholder confidence.
The most recent analyst rating on (HK:9930) stock is a Buy with a HK$1.80 price target. To see the full list of analyst forecasts on Horizon Construction Development Limited stock, see the HK:9930 Stock Forecast page.
More about Horizon Construction Development Limited
Horizon Construction Development Limited is a company incorporated in the Cayman Islands, operating within the construction and development industry. The company is listed on the Hong Kong Stock Exchange under the stock code 9930.
Average Trading Volume: 1,776,214
Technical Sentiment Signal: Hold
Current Market Cap: HK$4.16B
Learn more about 9930 stock on TipRanks’ Stock Analysis page.