Qingdao Haier Equity Incentive Grant Follow
Incentive passed, another major domestic Home Appliances Leading Qingdao Haier (600 690, closing price 16.42 yuan) equity incentive also received yesterday by the Commission and the shareholders in general meeting this month on the 30th review. Insiders said that Qingdao Haier equity incentive approved, the follow-up will integrate the assets.
Exercise stringent conditions than in the same industry
Qingdao Haier first Incentive objects, including directors, senior management, the core technology company and subsidiary (business) A total of 49 people, the number of stock options for the 1771 million, of which Liang, Chairman and Vice Chairman Yang Mian Mian seamount will receive 225 million and 158 million shares; the Company and its subsidiaries will receive 1,150 shares of core staff, the remaining shares by the company executives to share.
Qingdao Haier exercise conditions, but not low, CITIC Securities told industry analysts Liao Xinyu told reporters, compared to the industry’s equity incentive Hisense Electric, Qingdao Haier, the conditions become more demanding exercise.
Reporter found, Qingdao Haier and Hisense Electric’s equity incentive mostly obtained from the company’s core technology staff. Qingdao Haier first Incentive, the seven executives accounting exercise ratio of 35.07 percent, technical staff account for 64.93%; Hisense Electric eight executives also only a total of 491 million shares to 33.2% equity incentive, other technology ratio of 66.8% of total staff.
Qingdao Haier but exercise incentive stock options more stringent conditions than the Hisense Electric. Hisense Electric line right conditions are in 2009 and 2010 the average net profit growth rate of not less than 14%, the weighted return on net assets of not less than 8% and not less than the industry average; and Qingdao Haier net profit in the exercise condition compound growth rate of no less than 18% return on net assets of not less than 10%.
Industry that fails to consider differences in assets, Haier’s equity incentive conditions on the net profit growth and return on equity requirements are higher, the average annual net profit growth of 18% mean increase in net profit at least 4 years 72%.
Company: no asset integration plan Guoxin Securities industry analyst Wang Nianchun told reporters, Qingdao Haier growth in recent years, performance was slower than Gree, Midea, in such cases, the company’s efforts in management, technical, personnel and seek to change the incentive system , it is expected that in the equity incentive plan approved by the SFC, the company will conduct follow-up
White The integration of assets. Wang Nianchun that the integrated program may first transfer of 9.8% by the Haier Group, Haier Electrical Appliances (01169, HK) shares to the company, which holds a stake in Haier Electronics will reach 29.9%, will not trigger the acquisition offer; and then again by Haier to the company’s private placement to increase the company’s percentage of stock held by Haier appliances, taking into account the proportion of the public shareholding will not be less than than 25% of the cases. Complete integration of assets, help the company achieve rapid growth performance of the next few years.
But the reporter then call Qingdao Haier Company, Securities Department, Mr Cheng said the company currently no specific plans for the integration of assets, which need to wait for company announcements.
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