tiprankstipranks
Trending News
More News >

Tianjin Capital Cancels Share Options Due to Unmet Performance Targets

Story Highlights
Tianjin Capital Cancels Share Options Due to Unmet Performance Targets

Confident Investing Starts Here:

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.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

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