China's Minieye Technology hits record low on discounted share sale
23/07/2026 03:28
BUZZ-China's Minieye Technology hits record low on discounted share sale ** Shares of Minieye Technology 2431.HK drop 15% to HK$6.23, their lowest level since debut in December 2024
** Stock of the China-based intelligent driving and intelligent cabin solutions provider on track for biggest one-day pct decline since April 2025
** Minieye plans to sell up to 20.13 mln new shares in a placement, raising HK$125.4 mln ($15.99 mln) to fund development of driverless vehicles and Physical AI and to upgrade R&D platform
** The new shares are offered at HK$6.23 apiece, a 15% discount to Wednesday's close of HK$7.33
** YTD, stock down 54.7%, benchmark Hang Seng Index .HSI down 2.1%
($1 = 7.8406 Hong Kong dollars)
(Reporting by Donny Kwok)
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