Kingkey Intelligence Culture Holdings Limited (HK:0550) has released an update.
Allegro Culture Limited has announced the termination of its share award scheme due to a lack of expected awards and a desire to cut administrative costs and improve cashflow. No awards were granted since the scheme’s inception, and the scheme is set to end on August 9, 2024, with any remaining trust funds to be returned to the company. The company anticipates no adverse effects on its business operations from this decision.
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