Zhejiang Leapmotor Technology Co., Ltd. Class H (HK:9863) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Zhejiang Leapmotor Technology Co., Ltd. has entered agreements to issue new domestic shares, leading to an approximate 4.99% increase in total issued shares upon completion. The company secured an aggregate gross proceeds of RMB 2.6 billion, aimed at funding new electric vehicle model research and general corporate purposes. In conjunction with these developments, Leapmotor proposes amendments to its Articles of Association, pending shareholder approval.
For further insights into HK:9863 stock, check out TipRanks’ Stock Analysis page.