FINWIRES · TerminalLIVE
FINWIRES

SITC International Grants 12.6 Million Shares as Incentives

By

SITC International (HKG:1308) awarded over 12.6 million share awards to 711 participants of a 2024 incentive scheme, according to a Monday Hong Kong bourse filing.

Of the total, 1.5 million and 100,000 respective awards were offered to Chairman Yang Xianxiang and Vice Chair Yang Xin, with the remaining grantees comprising various directors, employees, and related entity participants.

Of the total award shares, nearly 1.1 million will be satisfied by shares currently held by a trustee, while 11.5 million will be satisfied by the issue of new shares, representing around 0.43% of the firm's issued share capital.

Following the grant, the marine shipping services company will have 240.2 million shares available for future grant under the scheme mandate limit.

Related Articles

Asia

Atul Auto's Sales Rise 74% in April

Three-wheeler manufacturer Atul Auto's (NSE:ATULAUTO, BOM:531795) total sales jumped 74% to 3,001 units in April from 1,725 units sold a year ago, according to a Friday filing to the Indian stock exchanges.Of the total, domestic sales grew sharply year-on-year to 2,478 units in April from 1,427 units.

BOM:531795NSE:ATULAUTO
Asia

Leader Education's Fiscal H1 Profit Falls 17%

Leader Education (HKG:1449) booked 20.2 million yuan in attributable profit for the fiscal first half ended Feb. 28, down 17% from 24.2 million yuan a year earlier, according to a Hong Kong bourse filing Sunday.The higher education services company's shares fell nearly 2% in morning trade Monday.Earnings per share were 0.0303 yuan, compared with 0.0363 yuan in the prior-year period.Revenue rose 11% year on year to 191.3 million yuan, figures showed.

HKG:1449
Asia

Market Chatter: CSL, Resmed, Cochlear Lead Losses on ASX

CSL (ASX:CSL) led losses on the Australian bourse so far this year at AU$23.2 billion, while ResMed (ASX:RMD) and Cochlear (ASX:COH) followed with losses of AU$10.6 billion, the Australian Financial Review reported Monday, citing Global X ETFs.Negative performing companies on the S&P/ASX 200 index collectively wiped out over AU$217 billion, said Marc Jocum, senior product and investment strategist at Global X ETFs.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:COHASX:CSLASX:RMD