Hai Minh excludes foreign director from employee share plan

Hai Minh Corporation excluded foreign general director Kwok Michael Wa Tong from receiving 34,700 shares in its employee stock ownership plan to comply with foreign ownership limits capped at 0%.

The shares were reallocated to chairman Tran Quang Tien. An additional 20,000 shares from a resigned employee were redistributed among current staff, bringing total distributed shares to 642,382.