Sino Biopharmaceutical’s Share Purchase Boosts Incentive Scheme
Company Announcements

Sino Biopharmaceutical’s Share Purchase Boosts Incentive Scheme

Sino Biopharmaceutical (HK:1177) has released an update.

Sino Biopharmaceutical’s subsidiary, Chia Tai Tianqing, has purchased 16.8 million shares as part of its Share Incentive Scheme, representing 0.09% of the company’s total shares. This initiative is aimed at implementing share-based incentives for selected participants, with shares valued at approximately HKD3.65 each, totaling around HKD61.26 million. The board continues to review and determine future share distributions under this scheme.

For further insights into HK:1177 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskSino Biopharm’s Garsorasib Gains Approval in China
TipRanks HongKong Auto-Generated NewsdeskSino Biopharmaceutical Sees Strong Q3 Financial Growth
TipRanks HongKong Auto-Generated NewsdeskSino Biopharmaceutical to Boost Market Share through Strategic Acquisitions
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App