iMotion Automotive Technology Completes Private Placement of New H Shares to Boost Innovation and Expansion Efforts

Reuters

Jul 21

iMotion Automotive Technology Completes Private Placement of New H Shares to Boost Innovation and Expansion Efforts

iMotion Automotive Technology (Suzhou) Co., Ltd. has successfully completed the placing of new H shares under a general mandate. The company announced that all conditions set out in the Placing Agreement have been fulfilled, with the completion taking place on July 21, 2025. This strategic move aims to raise funds to support ongoing innovation, market expansion, and technological advancements. The placement aligns with the company's goal of maintaining a competitive edge in the rapidly evolving automotive technology industry. The Board, led by Chairman and Executive Director SONG Yang, confirmed the completion of this financial initiative, reinforcing the company's commitment to sustainable development.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iMotion Automotive Technology (Suzhou) Co. Ltd. published the original content used to generate this news brief on July 21, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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