Fenbi (HKG:2469) said it has granted 10.2 million restricted share units to 185 employees under its 2023 RSU scheme, according to a Wednesday Hong Kong bourse filing.
Shares of the vocational education and training services firm were down over 4% in Thursday's midday trade.
The share units were granted at no cost, with the shares closing at HK$1.12 on the grant date.
About 5.3 million restricted share units will vest over three years, while the remaining 4.9 million will vest over four years.
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