AIMA Technology Chairman Detained; Shares Fall 6%

MT Newswires Live2024-10-11

AIMA Technology (SHA:603529) Chairman Zhang Jian is in detention and being investigated, according to a Friday filing with the Shanghai Stock Exchange.

The Chinese electric bicycle and scooter manufacturer did not disclose the reasons for Zhang's detention.

Zhang's detention will not affect the company's operations, it said.

Shares slid 6% during Friday's trading.

Price (RMB): Â¥32.51, Change: Â¥-1.9, Percent Change: -5.63%

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