Cosco Shipping Energy Transportation Completes Registration for Share Option Grant

MT Newswires Live07-03

Cosco Shipping Energy Transportation (HKG:1138, SHA:600026) has completed the registration procedure for the initial grant of a little over 22.3 million share options under a 2023 incentive scheme, a Tuesday bourse filing said.

The share options were granted on May 10 to 107 grantees, including certain members of the senior management of the oil tanker shipping company.

The options are valid for seven years from the grant date and are exercisable at 13 yuan per A share.

Hong Kong- and China-listed shares of the company closed over 1% and 2% lower, respectively, on Wednesday.

Price (HKD): $10.04, Change: $-0.12, Percent Change: -1.18%

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