iMotion Automotive Technology (Suzhou) (HKG:1274) will repurchase up to 100 million yuan worth of shares under a mandate approved by the board on Aug. 6, according to a Monday filing with the Hong Kong Stock Exchange.
The repurchased shares will not exceed 10% of the total H shares of the self-driving product company, the filing said.
Shares closed 5% higher in Hong Kong on Tuesday.
Price (HKD): $24.05, Change: $+1.15, Percent Change: +5.02%
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