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Sidley Advises on Placing of New Shares by iMotion Automotive Technology
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Sidley Advises on Placing of New Shares by iMotion Automotive Technology
Sidley represented placing agents in the placing of 15.5 million new H shares under general mandate by iMotion Automotive Technology (Suzhou) Co., Ltd. (HKEX: 1274) (iMotion Automotive). The net proceeds to be received are estimated to be HK$231 million (US$29.6 million). Placing agents and overall coordinators were Macquarie Capital Limited and CCB International Capital Limited. Funds raised from the placing will further enhance iMotion Automot…
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