SITC Grants Over 12.6 Million Share Awards to Boost Long-Term Growth
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SITC International Holdings Co., Ltd. has granted 12,639,098 share awards to 711 participants under its share scheme, approved in March 2024. The awards, which vest on May 4, 2029, aim to align employee interests with shareholders and support long-term growth. The company emphasizes retention and sustainable development without imposing additional performance targets. The current analyst rating for SITC stock (HK:1308) is a Hold with a price target of HK$30.00. SITC operates in the container shipping and logistics sector in Asia, focusing on regional trade routes.
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