Newborn Town Inc. ( (HK:9911) ) just unveiled an announcement.
Newborn Town Inc. announced the grant of 30,316,184 Restricted Share Units (RSUs) to 76 grantees as part of its RSU Award Scheme. This grant, which represents approximately 2.15% of the company’s issued share capital, will not dilute existing shareholders’ holdings. The RSUs are subject to a lock-up period and will vest over time, with the first unlocking occurring within six months of the grant. The market value of these RSUs is estimated to be between HK$182.14 million and HK$196.15 million, based on recent stock prices. This move is expected to align the interests of the grantees with the company’s long-term goals and enhance its competitive positioning in the market.
More about Newborn Town Inc.
Newborn Town Inc. is a company incorporated in the Cayman Islands, operating in the technology sector with a focus on developing and managing social networking and entertainment applications.
YTD Price Performance: 76.34%
Average Trading Volume: 10,769,947
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$9.16B
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