TUHU Car Inc. Class A (HK:9690) has released an update.
TUHU Car Inc. has announced the purchase of 1,374,300 Class A Shares for approximately HK$24.87 million under its Second Post-IPO Share Scheme, reflecting the company’s commitment to its long-term growth and confidence in its business prospects. The scheme is part of TUHU’s strategy to incentivize key employees and align their interests with those of the company. Shareholders are reminded of the risks associated with the company’s weighted voting rights structure, where Class A shares have one vote per share while Class B shares have ten.
For further insights into HK:9690 stock, check out TipRanks’ Stock Analysis page.
