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Leapmotor Shareholders Increase Stake, Signaling Confidence in Future Growth

Story Highlights
  • Leapmotor’s key shareholders increased their stake by purchasing 2,150,600 H shares.
  • This move reflects strong confidence in the company’s future and aligns with legal regulations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Leapmotor Shareholders Increase Stake, Signaling Confidence in Future Growth

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An update from Zhejiang Leapmotor Technology Co., Ltd. Class H ( (HK:9863) ) is now available.

Zhejiang Leapmotor Technology Co., Ltd. announced an increase in shareholding by key shareholders, including the chairperson and CEO, Mr. Zhu Jiangming, and shareholder Mr. Fu Liquan. They purchased a total of 2,150,600 H shares, reflecting strong confidence in the company’s future development and commitment to its sustainable growth. This move consolidates their position within the company, with the Single Largest Shareholders Group now holding 23.75% of the total issued shares. The transaction aligns with relevant laws and regulations, underscoring the company’s stable market positioning and potential for future growth.

The most recent analyst rating on (HK:9863) stock is a Hold with a HK$53.00 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 incorporated in the People’s Republic of China, operating in the technology sector. It focuses on developing and manufacturing electric vehicles, aiming to promote sustainable and innovative transportation solutions.

Average Trading Volume: 7,638,032

Technical Sentiment Signal: Hold

Current Market Cap: HK$71.23B

See more insights into 9863 stock on TipRanks’ Stock Analysis page.

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