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Huatai Securities to Repurchase and Cancel Restricted A Shares

Story Highlights
  • Huatai Securities will repurchase and cancel restricted A shares due to unmet performance conditions.
  • The repurchase will occur at the lower of the Grant Price or market price, affecting share capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Huatai Securities Co ( (HK:6886) ) just unveiled an update.

Huatai Securities Co., Ltd. announced the repurchase and cancellation of part of its restricted A shares under its Incentive Scheme. This decision was made due to certain Incentive Participants not meeting their performance conditions or having terminated their employment with the company. The repurchase will be conducted at the lower of the Grant Price or the stock market price, ensuring compliance with the company’s established provisions. This move is expected to impact the company’s share capital and could potentially influence market perceptions of its stock management practices.

More about Huatai Securities Co

Huatai Securities Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the financial services industry. The company is known for its securities business and operates in Hong Kong under the name HTSC, with a focus on providing comprehensive financial services.

YTD Price Performance: 90.40%

Average Trading Volume: 280

Technical Sentiment Signal: Sell

Current Market Cap: $18.38B

See more data about 6886 stock on TipRanks’ Stock Analysis page.

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