Cambricon Technologies (SHA:688256) said former deputy general manager Liang Jun raised his labor dispute claim against the company to 27.8 billion yuan from 4.29 billion yuan.
Liang, who resigned in early 2022, is asking the company to compensate for equity incentive losses based on the property shares of Beijing Aixi Technology Center and Tianjin Xuansuan No. 9 Enterprise Management Partnership.
Also, Liang refused to cooperate with a share repurchase arrangement under his Shareholding Plan B and was sued in 2023 by the company's equity incentive entities.
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.
Comments