iMotion Automotive Technology (Suzhou) Raises HK$73 Million Through Share Placement

MT Newswires Live

2024/12/03

iMotion Automotive Technology (Suzhou) (HKG:1274) raised about HK$73.3 million by placing 4,427,000 shares to at least six placees, according to a Monday filing with the Hong Kong bourse.

The placing price is HK$17.58 per Placing Share. The placement shares will account for about 1.92% of the company's enlarged share capital.

The company plans to use the proceeds for better R&D and production facilities and improve the overseas sales network and general corporate purposes.

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