On June 10, Impro Precision fell 5.69% in regular trading, trading at HK$8.06/share, with trading volume of HK$6.26 million.

The decline follows the completion of a top-up placing of 60 million new shares at HK$9.10 per share, representing a discount of approximately 13.58% to the pre-deal closing price. The placement raised net proceeds of approximately HK$539 million, intended for expansion at the company's Mexico and China factories to meet AI data center-related demand, forward-looking aerospace investments, and partial bank loan repayment.

The current share price has now fallen more than 10% below the placement price of HK$9.10, reflecting persistent market concerns over near-term equity dilution — the new shares represent approximately 3.08% of total issued share capital — as well as continued losses at the company's Mexico SLP facility, which remains in a ramp-up phase with elevated scrap rates due to high employee turnover. While the company reported strong growth in AI-related end markets including large-horsepower engines (+43.3%) and liquid cooling systems (+38.4%) in its most recent fiscal year, the near-term overhang from the discounted placement continues to weigh on sentiment.

(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.)