@Genghis Khan, anytime new shares are issued at less than market price, there will always be dilution, regardless of how issued (ESOP, bonus, rights). But the silver lining could be a the unissued extra authorized might be preparing for a bonus issue to us.

@genghis. Indeed the 7% is small considering employees currently own less than 1%. But the additions to treasury stock eases their aggressive expansion plans, in the event that over 100 bn in sales significantly stretches working capital. these shares can fuel their acquisition based strategy and prove more rewarding to shareholders if DRIPs are legalized. the dilution appears punitive but necessary.