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iDreamSky Technology Grants 6.2 Million Share Options to Employees

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iDreamSky Technology Grants 6.2 Million Share Options to Employees

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An announcement from iDreamSky Technology Holdings Limited ( (HK:1119) ) is now available.

iDreamSky Technology Holdings Limited announced the grant of 6,245,000 share options to 89 employees under its 2023 New Share Option Scheme. The exercise price is set at HKD1.65 per share, slightly rounded from HKD1.654, reflecting the average closing price for the five days prior to the grant date. This initiative is likely aimed at incentivizing employees and aligning their interests with the company’s growth, potentially impacting the company’s operational momentum and market positioning positively.

More about iDreamSky Technology Holdings Limited

iDreamSky Technology Holdings Limited, incorporated in the Cayman Islands, operates primarily in the technology industry, focusing on the development and distribution of mobile games and digital content. The company is listed on the Hong Kong Stock Exchange and actively engages in expanding its market presence through innovative gaming solutions.

YTD Price Performance: -36.55%

Average Trading Volume: 160

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €334.4M

See more insights into 1119 stock on TipRanks’ Stock Analysis page.

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