Yadea Group Holdings Ltd. (HK:1585) has released an update.
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Yadea Group Holdings Ltd. has announced an amendment to its Share Award Scheme, where it will discontinue the issuance of new shares as a reward method. Starting June 17, 2024, the company will only purchase existing shares on the market to fulfill its share award obligations to employees. This change simplifies the award process and aligns with the applicable Listing Rules, requiring no shareholder approval.
For further insights into HK:1585 stock, check out TipRanks’ Stock Analysis page.