Wednesday 14 November 2018
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inquirer - 4 month ago

Concepcion Industrial to buy back shares for employees

Leading consumer appliance and industrial solutions manufacturer Concepcion Industrial Corp. (CIC) has unveiled a program to buy back shares from the stock market and award these to deserving employees. In a recent board meeting, CIC approved the 2018 long-term share incentive plan, which will be funded annually based on 1-2 percent of the company s attributable net profit. The shares will then be given to deserving employees based on predetermined conditions. The program sought to create equity interes

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