Newborn Town Inc. Plans Share Agreement and New Scheme

Newborn Town Inc. (HK:9911) has released an update.

Newborn Town Inc. is set to hold an extraordinary general meeting on December 12, 2024, in Beijing to discuss key resolutions including the approval of a Share Purchase Agreement and the adoption of a new restricted share unit scheme. The Share Purchase Agreement involves the issuance of Consideration Shares, while the new scheme aims to grant awards under a proposed restricted share unit plan, subject to approval from the Hong Kong Stock Exchange.

For further insights into HK:9911 stock, check out TipRanks’ Stock Analysis page.