Bank of East Asia (HK:0023) has released an update.
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The Bank of East Asia has introduced a new Restricted Share Unit Scheme starting January 2025, designed to align the interests of its employees with shareholders by granting them conditional rights to bank shares. This 10-year incentive scheme aims to motivate employees to boost performance and efficiency, fostering value creation for the bank. The bank will buy existing shares from the market to fulfill these unit grants, ensuring no new shares are issued.
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