BUZZ-HK-listed iMotion recoups some loss as cornerstone investors' lock-up period expires

Reuters07-18

** Shares of iMotion Automotive Technology rise 21.2% to HK$32, following a 68.3% plunge in the previous session in their worse day since debut on Dec 20, 2023

** Stock outpaces a 0.2% slip in Hang Seng Index and a 1.2% fall in Hang Seng Tech Index

** The Chinese autonomous driving solutions developer says H-shares held by cornerstone investors participating in the firm's global offering were subject to a six-month lock-up period, which expired on June 19

** Co, with current market value of $844.2 mln, says it is not aware of any reasons for the unusual fluctuations in share prices and trading volume, and it is operating normally

** Hang Seng Commerce & Industry Index and Hang Seng Composite Index slip 0.3% and 0.1%, respectively

** iMotion stock down 13.7% YTD

($1 = 7.8064 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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