Invengo Information Technology
Invengo Information Technology Co., Ltd. engages in the research and development, manufacture, and distribution of radio frequency identification technology and products in China.
The company offers radio frequency ID labels, readers/writers, antennae, and solutions. It also provides railway applied products, such as railway train number automatic ID systems, and logistics and motor vehicle management systems.
The company’s products are used for asset tracking management, logistics and warehouse management, customs and border-crossings, containers, electronic tolls and automatic weighing.
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Invengo foresees growth on railways
Invengo Information Technology (SZ:002161) announced its first stock option incentive plan today. 152 employees will receive 5.06m options, which will account for 3.94 percent of the company's total shares. Invengo’s marketing director Zhong Shuhua and four other top managers each received packages ranging from 110,000 to 600,000.
Invengo’s share price surged 9.79 percent today, to RMB21.08.
The option plans will valid for four years. 40 percent of the options can be exercised within 12 months, and 30 percent for each of the following two years.
However the options can be exercised only when ROE exceeds 10 percent and the net profit for 2009 grows at a rate of not under 30 percent year on year. The exercising price is RMB19.89, slightly higher than yesterday’s closing price of RMB19.20.
Being one of the country’s two railway radio frequency identification (RFID) suppliers, Invengo believes it has every reason to be confident at a time when the stimulus package is fuelling massive investment in China’s railways.
