Tianjin Capital Environmental Protection Group Co ( (HK:1065) ) has shared an update.
Tianjin Capital Environmental Protection Group Co has announced the failure to meet the exercise conditions for the third exercise period under its A Share Option Incentive Scheme. The company did not achieve the required growth rate in operating revenue, which was set at a minimum of 70% based on 2019 figures, reaching only 63.6%. Consequently, the company will cancel a total of 3,467,584 share options granted for this period. The Supervisory Committee has agreed to this cancellation, stating that the decision-making process was legal and compliant, ensuring no prejudice to the interests of the company and its shareholders.
More about Tianjin Capital Environmental Protection Group Co
YTD Price Performance: 0.71%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.16B
Learn more about 1065 stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com