Bairong Grants New Tranche of Share Options and Awards Under 2024 Scheme
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Bairong, Inc. (HK:6608) has announced the granting of 9,822,000 share options and 1,872,000 share awards under its 2024 Share Scheme, representing 2.61% of Class B shares. The options, with an exercise price of HK$8.51, will vest in four annual tranches from March 2027 to March 2030, contingent on performance targets. This initiative aims to align employee interests with shareholders and enhance talent retention. Analysts rate the stock as a Buy with a target price of HK$13.00, while the current market cap stands at HK$6.32B.
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