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.