iMotion Automotive Technology (Suzhou) Co., Ltd. Class H (HK:1274) has released an update.
iMotion Automotive Technology (Suzhou) Co., Ltd. has subscribed to 35 Wealth Management Products from CCB Financial Management between January and August 2024, with a total principal amount of RMB584.49 million. By the end of the period, the outstanding balance never surpassed RMB249.00 million, and the remaining principal amount was RMB124.09 million. This strategic financial maneuver is a discloseable transaction under the Listing Rules due to the aggregate percentage ratio exceeding 5%, which mandates reporting and announcement but not shareholder approval.
For further insights into HK:1274 stock, check out TipRanks’ Stock Analysis page.
