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iMotion Automotive Completes Strategic H Share Placement

iMotion Automotive Technology (Suzhou) Co., Ltd. Class H (HK:1274) has released an update.

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iMotion Automotive Technology (Suzhou) Co., Ltd. has successfully completed the placement of 4,427,000 new H shares, representing a 1.92% increase in the total shares issued, at a price of HK$17.58 per share. This strategic move was executed under a general mandate and involved multiple independent placees, ensuring no new substantial shareholders emerged. The completion of this placement is expected to bolster the company’s financial standing and market position.

For further insights into HK:1274 stock, check out TipRanks’ Stock Analysis page.

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