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The latest update is out from Zhejiang Leapmotor Technology Co., Ltd. Class H ( (HK:9863) ).
Zhejiang Leapmotor Technology Co., Ltd. has completed the issuance of new domestic shares, raising RMB2,597.36 million. The proceeds will be used primarily for research and development of new EV models and upgrading existing ones, with a portion allocated to working capital and general corporate purposes. This issuance increases the company’s total issued shares to 1,421,812,652, enhancing its capital structure and potentially strengthening its market position in the EV industry.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$76.00 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 company based in the People’s Republic of China, operating in the electric vehicle (EV) industry. The company focuses on the research, development, and production of new EV models and the upgrading of existing models.
Average Trading Volume: 8,065,361
Technical Sentiment Signal: Buy
Current Market Cap: HK$85.83B
See more insights into 9863 stock on TipRanks’ Stock Analysis page.