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Lianlian DigiTech Unveils First Share Award Scheme and Governance Overhaul

Story Highlights
  • Lianlian DigiTech plans a first share award scheme to retain and incentivise key staff.
  • The company also proposes capital increases and governance rule changes, including scrapping its supervisory committee.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lianlian DigiTech Unveils First Share Award Scheme and Governance Overhaul

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Lianlian DigiTech Co., Ltd. Class H ( (HK:2598) ) just unveiled an update.

Lianlian DigiTech’s board has approved a raft of governance and capital measures, anchored by the proposed adoption of a first share award scheme designed to attract, motivate and retain core employees, including directors (excluding independent non-executive directors), senior management and key staff across its subsidiaries and associates. The board is seeking shareholder approval at an extraordinary general meeting to authorize directors to manage and implement the scheme, alongside proposals to increase the company’s registered capital, expand its business scope, amend its articles of association to cancel the supervisory committee, and revise the procedural rules for shareholder meetings and board operations, signaling a broader restructuring of its incentive framework and corporate governance architecture.

The most recent analyst rating on (HK:2598) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on Lianlian DigiTech Co., Ltd. Class H stock, see the HK:2598 Stock Forecast page.

More about Lianlian DigiTech Co., Ltd. Class H

Lianlian DigiTech Co., Ltd. is a mainland China–incorporated company listed in Hong Kong that operates in the digital technology and payments-related services space through a group structure of subsidiaries and associated companies. The group’s business relies heavily on key management and technical talent to support long-term performance growth and value creation for shareholders and other stakeholders in its markets.

Average Trading Volume: 2,292,973

Technical Sentiment Signal: Sell

Current Market Cap: HK$8.14B

Find detailed analytics on 2598 stock on TipRanks’ Stock Analysis page.

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