BRIEF: iMotion Automotive replaces auditor

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Autonomous driving technology company iMotion Automotive Technology (Suzhou) Co. Ltd. (1274.HK) announced Tuesday that PricewaterhouseCoopers has resigned as its auditor, effective Nov. 5. The company’s board has recommended appointing KPMG as the new auditor.

iMotion also said it will seek shareholder approval at an extraordinary meeting authorizing it to issue up to $200 million in debt financing instruments, as part of an effort to give the company greater fundraising flexibility. Shares of iMotion rose 3.6% to HK$24.20 in early Wednesday trade.

By A. Au

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