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Zhejiang Leapmotor Technology Co., Ltd. Class H ( (HK:9863) ) has provided an announcement.
Zhejiang Leapmotor Technology has clarified details of its previously announced subscription of new domestic shares under its general mandate, which forms part of its broader capital-raising and strategic development activities in the Chinese new energy vehicle sector. The company disclosed that subscriber Jinyi High-Tech is a comprehensive industrial investment firm focused on integrated urban operations and emerging industries, ultimately owned by the State-owned Assets Supervision Administration Commission of Jinhua Municipal Government, and confirmed that Jinyi High-Tech and its ultimate owner are independent third parties rather than connected persons, a point likely aimed at reassuring investors regarding governance and compliance with Hong Kong listing rules.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$43.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
More about Zhejiang Leapmotor Technology Co., Ltd. Class H
Zhejiang Leapmotor Technology Co., Ltd. is a Chinese new energy vehicle manufacturer that designs, develops and sells smart electric vehicles, operating through a group structure with various subsidiaries and being listed in Hong Kong under stock code 9863.
Average Trading Volume: 8,827,594
Technical Sentiment Signal: Sell
Current Market Cap: HK$60.83B
Find detailed analytics on 9863 stock on TipRanks’ Stock Analysis page.