An announcement from iMotion Automotive Technology (Suzhou) Co., Ltd. Class H ( (HK:1274) ) is now available.
iMotion Automotive Technology (Suzhou) Co., Ltd. has announced a strategic move to place new H shares under a general mandate, aiming to raise approximately HK$228.37 million. The proceeds will be used to bolster R&D in intelligent driving technologies, expand facilities, and grow its international sales network, which could strengthen the company’s market position and operational capabilities.
More about iMotion Automotive Technology (Suzhou) Co., Ltd. Class H
iMotion Automotive Technology (Suzhou) Co., Ltd. operates within the automotive technology industry, focusing on advanced intelligent driving, automated driving, and cockpit integrated solutions and products. The company aims to enhance its R&D and manufacturing capabilities, with a market focus on expanding sales and services overseas.
YTD Price Performance: 54.84%
Average Trading Volume: 3,755,664
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$7.94B
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