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Article: QINGDAO HAIER BOOSTS PERFORMANCE THROUGH INCENTIVE PLAN
- Article from:
- AsiaInfo Services
- Article date:
- September 16, 2009
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AsiaInfo Services
09-16-2009
Qingdao Haier Boosts Performance through Incentive Plan
QINGDAO, Sep 16, 2009 (SinoCast Daily Business Beat via COMTEX) -- The stock incentive plan of Qingdao Haier Co., Ltd. (SHSE: 600690), a leading home appliance maker, received approval from the China Securities Regulatory Commission (CSRC) on September 15 and will be discussed at the company's shareholder meeting at the end of this month.
The incentive stock will be granted to board directors, top executives and technicians of Qingdao Haier and its subsidiaries. The stock options total 17.71 million shares, 2.25 million of which will be given to the company's board chairman Yang Mianmian, 1.58 million to ...