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Fengxiang Co. (09977.HK) resumed trading this morning.
Fengxiang Co (09977.HK) announced on July 31st that its H shares will resume trading at 9:00 am today (7/31/2024).
The public shareholding of Fengxiang Co (09977.HK) has been restored to over 25%, and trading will resume tomorrow.
On September 11, 2023, Fengxiang Co (09977.HK) announced that two subscribers subscribed for a total of 0.183 billion H shares, equivalent to approximately 11.53% of the company's issued share capital as of the date of this announcement. On September 15 and October 3, 2023, the offeror further completed the sale of a total of 80.52 million H shares to two buyers, equivalent to approximately 5.09% of the company's issued share capital as of the date of this announcement. On July 24, 2024, some non-related grantors' 2021 awards were cancelled, and new awards were granted to the non-related parties.
Fengxiang Co (09977) has reached the resumption announcement and will resume trading on July 31.
Fengxiang Co. (09977) announced that the company's public shareholding has been restored to over 25%, thereby meeting the resumption guidance...
Express News | Shandong Fengxiang Co Ltd - Made Application to Stock Exchange for Resumption of Trading in H Shares of Co From 31 July
Fengxiang Co (09977.HK) newly granted 2.96 million bonus shares to replace the cancelled grants under the 2021 stock bonus plan.
On July 24th, Gelunhui reported that in order to gradually distinguish the eligible participants in the 2021 and 2023 share incentive plans, so that only company-related parties are included in the employee participants of the 2021 share incentive plan, and said related parties shall be excluded from the employee participants of the 2023 share incentive plan, in accordance with Rule 17.06A of the Listing Rules. The board of directors announced that on July 24th, 2024, the company will (i) cancel 2.96 million incentive shares granted under the 2021 share incentive plan that have not yet been allocated to non-related grant recipients.
Fengxiang Co. (09977) awarded 2.956 million bonus shares according to the 2023 stock incentive plan.
Fengxiang Co. (09977) released an announcement on July 24, 2024, (i) cancelling the shares of the company in 2021...
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