On June 16, Impro Precision fell 5.12% in regular trading, trading at HK$8.33/share with turnover of HK$5.19 million, resuming its downward trend after a brief rebound the previous session.

On the news front, the company recently completed 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 and approximately 3.08% of its enlarged issued share capital. Net proceeds of approximately HK$539 million are intended for expansion of its Mexico and China factories to meet AI data center-related end-market demand, forward-looking aerospace deployment, and repayment of bank borrowings. The current share price of HK$8.33 represents a discount of over 8% to the placement price of HK$9.10, reflecting persistent market concerns over near-term equity dilution effects and the Mexico facility still being in a loss-making ramp-up phase.

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