Sinohope Technology (HKG:1611) granted share awards involving over 2.8 million shares to 13 participants, an Oct. 24 Hong Kong bourse filing said.
Shares of the technology service provider were up nearly 18% in Monday afternoon trading.
Shares, 1.3 million and 1.5 million of which were granted to nine employees and four service providers, respectively, represent around 0.38% of the firm's issued share capital.
The firm now has nearly 72.4 million shares available for future grants to be satisfied by new shares under the share award and option schemes. Of this, a little over 6 million shares can be granted to service providers.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.