On June 11, Impro Precision fell 5.43% in regular trading, trading at HK$7.85/share, with trading volume of HK$13.54 million, extending its recent weakness.

On the news front, the company recently completed a top-up placement of 60 million new shares at HK$9.10 per share, representing a discount of approximately 13.58% and equivalent to about 3.08% of the total issued shares. Net proceeds of approximately HK$539 million are intended for expansion of Mexico and China factories to meet AI data center-related end-market demand, forward-looking aerospace sector deployment, and repayment of bank borrowings.

The current share price of HK$7.85 represents a discount of over 14% to the placement price of HK$9.10. Market concerns over short-term share dilution effects and the Mexico SLP facility still being in a loss-making ramp-up phase with elevated scrap rates due to high employee turnover continue to weigh on the stock price.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)