BRIEF: iMotion Automotive replaces auditor

1274.HK

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

To subscribe to Bamboo Works free weekly newsletter, click here

,
, ,

Related Articles

RELATED ARTICLES

  1. iMotion Automotive Technology capitalizing on the DeepSeek moment to raise new funds, a second share placement within three months
    iMotion Automotive rides DeepSeek fever to new fundraising
    1274.HK
  2. Hesai zooms ahead in third quarter, setting stage for milestone year
    HSAI.US
  3. DeepRoute.ai gets $100 million charge from auto investor
  4. BRIEF: iMotion pursues German automotive electronics acquisition
    1274.HK
  5. CiDi sets IPO course with its self-driving trucks
  6. BRIEF: iMotion raises $10 million in share placement
    1274.HK
Discover hidden China stock gems in our weekly newsletter

Follow us

Facebook Twitter Linkedin Weixin Weibo Youtube

Subscribe to Our Free eNewsletter

Subscribe

Check out our content with some of our syndication partners

factiva

Recent Articles

Financiering is Linklogis' speciality

Linklogis stuck in China’s real estate slump

Transactions on the company’s supply chain financing platforms grew just 7% in the first quarter as it failed to reduce its reliance on property-related customers Key Takeaways: Transactions on Linklogis’…