Asia
Hangzhou Raycloud Technology Controller Sees Stake Dilution as Incentive Plan Vests
Hangzhou Raycloud Technology (SHA:688365) said controlling shareholder Hangzhou Guangyun Investment and its concerted parties saw their combined stake diluted to 52.97% from 53.02% after the vesting of restricted stock awards.The company issued 466,000 new shares under its 2025 incentive plan, increasing total capital to 426.3 million shares, according to a weekend filing with the Shanghai bourse.Shares of the software developer closed 6% higher Monday.
SHA:688365
