In today’s briefing:
- DB Hitek: Treasury Shares Cancellation, EB Issue, and Employees Equity Compensation
DB Hitek: Treasury Shares Cancellation, EB Issue, and Employees Equity Compensation
- DB Hitek announced a detailed plan for its 4.16 million treasury shares utilization (9.4% of outstanding shares), including shares cancellation, issuance of exchangeable bonds, and equity compensation for its employees.
- There will be 2.22 million treasury shares that will be used in the issuance of EBs. This represents 54% of the total treasury shares and 5% of outstanding shares.
- The company also plans to cancel 1.486 million treasury shares (representing 35.7% of treasury shares and 3.3% of outstanding shares).
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