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 Automotive’s R&D of the advanced intelligent driving and automated driving and cockpit integrated solutions and products, as well as provide financing for its R&D and manufacturing facilities, the mergers and acquisitions of its robotics business, and other general corporate purposes.
The Sidley team was led by Sherlyn Lau, partner and member of Sidley’s Executive Committee. Other team members included senior managing associates Alex Chau and Jacob Zhao.
Sidley’s Equity Capital Markets practice has been ranked by Chambers Greater China Region/Asia Pacific for over a decade. It was the winner of the distinguished “Securities Firm of the Year” award at the Law.com International’s Asia Legal Awards 2024.
