Major Holdings Clarifies Share Option Capacity After Share Consolidation

Major Holdings Ltd. ( (HK:1389) ) just unveiled an announcement.

Major Holdings Limited has issued a supplemental announcement to clarify details of its share option scheme for the year ended 31 March 2025. The company is addressing disclosure requirements under Hong Kong listing rules by specifying the scheme mandate and the service provider sublimit applicable during the period.

The board confirmed that, based on 3,326,000,000 shares in issue at adoption of the scheme, up to 33,260,000 shares were initially available for grant to service providers. Following a 10-for-1 share consolidation that took effect on 31 January 2024, this capacity was adjusted proportionally to 3,326,000 shares, with the available options and awards for service providers unchanged between the start and end of the 2025 financial year.

The supplemental disclosure provides greater transparency for investors on potential dilution and the use of equity incentives for service providers. The company emphasized that, aside from these clarifications on the share option scheme, all other information in its 2025 annual report remains unchanged, signaling no broader revision to previously reported financial or operational data.

The most recent analyst rating on (HK:1389) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on Major Holdings Ltd. stock, see the HK:1389 Stock Forecast page.

More about Major Holdings Ltd.

Major Holdings Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 1389. The board currently consists of one executive director, chairman Cheung Chun To, and three independent non-executive directors, reflecting a relatively lean governance structure for the listed group.

Average Trading Volume: 351,611

Technical Sentiment Signal: Sell

Current Market Cap: HK$141.4M

See more data about 1389 stock on TipRanks’ Stock Analysis page.