PCCW Limited Issues New Shares for Employee Awards
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PCCW Limited (HK:0008) has announced the issuance of 287,792 new shares under its General Mandate to reward selected employees through the PCCW Subscription Scheme. This issuance, a small percentage of total shares, does not require shareholder approval. The shares will be held in trust and transferred to employees at no cost upon meeting conditions. The current analyst rating for PCCW stock is a Hold with a price target of HK$6.00, and the company's market cap is HK$47.03B.
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