Fosun International Down 1%, Unit Henlius Biotech Up 5%, as Board Approves Incentive Plans

MT Newswires Live
30 Jun

Fosun International (HKG:0656) said unit Shanghai Henlius Biotech's (HKG:2696) board approved the adoption of share option and restricted share unit (RSU) schemes, subject to shareholder approval,

Shares of conglomerate Fosun International closed 1% lower on Monday, while Henlius Biotech closed 5% higher.

Henlius Biotech is planning to make initial grants of 6,985,000 options and 6,985,000 RSUs to 279 participants under the schemes, which will be valid for 10 years.

The potential grantees of the scheme include employees, related entities, and service providers.

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