June 14 -- Blackcow Food (002387), a producer of soybean milk powder and oatmeal, will grant up to 2.7 million restricted incentive shares to 185 employees at 7.95 yuan per share, a 50 percent discount to the average share price of the company over the past 20 trading sessions, reports China Business News, citing a company filing.

Of the total incentive shares, 187,200 shares will be reserved for key staff to be introduced into the company at a later stage.

In order for the 2.7 million incentive shares to be unlocked, the company must achieve year-on-year profit increases of 20 percent in 2011, 26 percent in 2012, and 28 percent in 2013.

In addition, return on equity during the same period are not to be less than 6.5, eight, and nine percent, respectively.

Suzhou Hailu Heavy Industry (002255) will grant four million incentive stock options to senior managers and key staff. The exercise price of the options is 30.44 yuan per share.