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Declining Stock and Solid Fundamentals: Is The Market Wrong About Jiangsu Huachen Transformer Co., Ltd. (SHSE:603097)?
Jiangsu Huachen (603097.SH): Plans to launch a restricted stock incentive plan for 6 million shares.
On December 30, Gelonghui announced that Jiangsu Huachen (603097.SH) unveiled its 2024 restricted stock incentive plan. This incentive plan intends to grant 6 million shares of the company's restricted stocks to the incentivized participants, which accounts for approximately 3.75% of the company's total share capital of 160 million shares at the time of the announcement. Among them, the first grant will be 5.3 million shares of restricted stocks, approximately 3.31% of the total share capital of 160 million shares at the time of the announcement, which represents about 88.33% of the total number of restricted stocks to be granted in this incentive plan; 0.7 million shares of restricted stocks are reserved.
Jiangsu Huachen (603097.SH): Currently no restructuring plan.
Gelonghui November 22nd | jiangsu Huachen (603097.SH) stated on the interactive platform that the company currently has no restructuring plan. If any related plan is implemented, the company will fulfill the disclosure obligations as required, and all relevant company information shall be subject to the announcements disclosed by the company.
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