Geely to Issue 3.7 Billion Yuan in Stock to 10,000 Employees

Geely Auto Group’s board of directors approved a share award plan for a total of up to 350 million shares and granted about 167 million shares to 10,884 incentive recipients under the plan, or about 3.7 billion yuan ($573.003 million) based on the latest market value, the company said in an announcement at the Hong Kong Stock Exchange on Monday.

The anno…