Redsun Properties Group Ltd. (HK:1996) has released an update.
Redsun Properties Group Limited has announced the termination of its Post-IPO Share Option Scheme and Share Award Scheme, effective from 11 September 2024, due to major adjustments in China’s real estate market and to improve the company’s financial resource management. The termination is considered by the Board to align with the company’s long-term development goals and is not expected to negatively impact the business operations.
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