Stan Group Launched Buy-a-Brick to Reward Staff Members Through Revenue Sharing

October 29, 2019 - 09:01
Stan Group Launched Buy-a-Brick to Reward Staff Members Through Revenue Sharing

An innovative staff incentive programme leveraging blockchain and real estate tokenization technology

 

HONG KONG, CHINA- Media OutReach - 29 October 2019 - Stan Group (Holdings) Limited ("Stan Group") announced the launch of Buy-a-Brick,an innovative employee incentive and recognition programme that applies blockchain technology and real estatetokenization to enable Stan Group employees to generate wealth alongside Stan Group.

 

Committed to drivingcorporate innovation, Stan Group has pioneered the application of real estatetokenization to employee incentive and recognition. Buy-a-Brick is designed to motivate staffengagement in innovation, cultivate intrapreneurship and recognize staff forthe efforts. Unlike other conventional revenue-sharing models, Buy-a-Brick providesemployees with the opportunity to share the future capital gain of a building,without making any monetary contribution. A "Brick" is a digital token stored on theblockchain, which represents a smart contract for a selected building. By participatingin Buy-a-Brick, if the property selected is sold and profit is made on the saleof that property, the brick holders will be entitled to share the profit made.

 

"We are thrilled to launch Buy-a-Brick for internalstaff as it redefines staff appreciation. I believe every one of our staffmembers plays an integral role in the Group's success and should be able toreap the reward and share the value created," said Stan Tang, Chairman of StanGroup. "The launch of Buy-a-Brick has cemented the leading position of StanGroup in corporate innovation and entrepreneurship. Buy-a-Brick started with adream, through matching the idea with resources within our business ecosystem,it is now a reality. I hope to ignite innovation and initiate change within andoutside the Group, and shape a better future for entrepreneurs and all."

 

Buy-a-Brick is the newest addition to the existingStan Group credit system, where employees earn points with innovative businesspitches, business referral, attending design thinking and other talentdevelopment workshops, etc. There are two types of points, namely Credit Pointand Shared Value Point. With Credit Point, employees can redeem vouchers, hotelstay, and even an extra day off. On the other hand, the new Shared Value Pointscan be used to redeem a "Brick" at Buy-a-Brick.

 



Thispress release does not constitute, nor is intended to be, an offer,advertisement, invitation or document to public (a) to enter into or offer toenter into (i) an agreement to acquire, dispose of, subscribe for or underwritesecurities; or (ii) a regulated investment agreement or an agreement toacquire, dispose of, subscribe for or underwrite any other structured product;or (b) to acquire an interest in or participate in, or offer to acquire aninterest in or participate in, a collective investment scheme.


About Stan Group

Stan Group(Holdings) Limited ("Stan Group" or "the Group") is a leading conglomeraterooted in property with a wide array of diverse businesses. Committed tosustainable business development and social investment, the Group manages aHK$60 billion real estate portfolio in strategic partnership with the TangShing-bor family and operates more than 40 respected brands across fivebusiness pillars: property, hospitality, communication services, financialservices and The STILE, innovative businesses with social purposes. Dedicatedto innovation, collaboration, human focus and entrepreneurship, the Group'score values empower it to achieve the vision of driving the vibrancy ofsociety, and the mission of creating shared value (CSV) for shareholders,business partners, customers, employees and the community at large.

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