BRIEF: iMotion’s shares in motion after inclusion in China connect programs

1274.HK

Autonomous driving technology company iMotion Automotive Technology (Suzhou) Co. Ltd. (1274.HK) announced its shares have been included in Stock Connect programs making them available to traders in Shanghai and Shenzhen from Sept. 10. The stock surged as much as 40% after the announcement, but later gave back most of the gains and closed up 4.3% in Wednesday trade.

iMotion ‘s shares have been volatile since their listing at the end of last year. The stock reached a high of HK$115.60 in April, nearly three times its listing price. But it fell sharply after that and is now down 75% from its high.

By Lau Chi Hang

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