HL Global Enterprises Terminates Share Option Scheme Trust

MT Newswires

Sep 29

HL Global Enterprises (SGX:AVX) said its Share Option Scheme 2006 expired on Sept. 28, with no outstanding options remaining under the scheme, according to a Monday filing with the Singaporean bourse.

Following the expiry, the company terminated the related HL Global Enterprises Share Option Scheme 2006 Trust effective Sept. 28, in accordance with the trust deed.

HL Global Enterprises also instructed the trustee to sell the 2.41 million trust shares held under the trust on the Singapore Exchange, the filing said.

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