Wing Tai (SGX:W05) granted 142,000 shares at a market price of SG$1.35 per share under its performance share plan, according to a filing with the Singapore Exchange on Tuesday.

The shares include 84,000 shares granted to director Tan Hwee Bin.

The shares will be vested over a three-year period.

Meanwhile, the company also granted 591,000 shares under its restricted share plan at a market price of SG$1.35 per share, with 49,000 of those shares allocated to director Tan Hwee Bin.

The shares will vest over a three-year performance period, the filing added.