iMotion Automotive Technology (Suzhou) Co., Ltd. Class H ( (HK:1274) ) just unveiled an announcement.
iMotion Automotive Technology (Suzhou) Co., Ltd. announced the successful completion of a placing of new H shares under a general mandate, which took place on February 17, 2025. The company issued 11,190,200 new H shares, representing approximately 5.15% of the enlarged H share capital and 4.63% of the total issued share capital, at a price of HK$20.88 per share. The newly issued shares were successfully placed to at least six independent third-party placees, none of whom became substantial shareholders post-placement. This increase in share capital slightly reduced the controlling shareholders’ percentage from 35.31% to 33.68%, highlighting a strategic move to bolster the company’s capital base without significantly altering the control structure.
More about iMotion Automotive Technology (Suzhou) Co., Ltd. Class H
YTD Price Performance: 38.71%
Average Trading Volume: 4,318,677
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$7.11B
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