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An announcement from Cloud Music Inc. ( (HK:9899) ) is now available.
NetEase Cloud Music Inc. announced the grant of awards under its 2022 Restricted Share Unit Plan, using existing shares. The awards, granted to 12 eligible employee participants, will vest over a three-year period starting December 2025, contingent on performance targets. This initiative aims to incentivize employees while aligning their interests with company performance, potentially enhancing operational efficiency and market positioning. The plan includes a clawback mechanism to address any misconduct and ensures no shareholder rights until awards are vested.
The most recent analyst rating on (HK:9899) stock is a Hold with a HK$204.00 price target. To see the full list of analyst forecasts on Cloud Music Inc. stock, see the HK:9899 Stock Forecast page.
More about Cloud Music Inc.
NetEase Cloud Music Inc. operates in the digital music industry, providing streaming services and music-related products. The company focuses on delivering a wide range of music content to users, leveraging its platform to engage with a broad audience in the music streaming market.
Average Trading Volume: 772,996
Technical Sentiment Signal: Sell
Current Market Cap: HK$40.62B
Learn more about 9899 stock on TipRanks’ Stock Analysis page.