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<IPO>Minieye Technology in SZ Clears HK Listing Hearing, w/ Investment Joined by BABA-W Eddie Wu
China-based smart driving and smart cabin solutions provider Minieye Technology in Shenzhen cleared the listing hearing on the Stock Exchange of Hong Kong, with CITIC Securities an...
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<IPO>Minieye Technology in SZ Clears HK Listing Hearing, w/ Investment Joined by BABA-W Eddie Wu
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China-based smart driving and smart cabin solutions provider Minieye Technology in Shenzhen cleared the listing hearing on the Stock Exchange of Hong Kong, with CITIC Securities and CICC as joint sponsors.

For the six months ended June 30, 2024, the company recorded revenue of approximately RMB237 million, representing a 44.5% YoY growth, PHIP showed. Its net loss for the period narrowed to RMB108 million, as compared to a loss of RMB126 million in 1H23.

Related NewsJPM: Worst Phase of US-CN Trade Tension Escalation May End; CN Dotcoms Still Top Picks for 'Buying Bounce'
BABA-W (09988.HK)  +1.800 (+1.582%)    Short selling $1.21B; Ratio 12.683%   Group CEO Eddie Wu, who participated in the company's angel round of funding in 2015, and his controlling entity Hangzhou Yuanjing Lechi (literal translation of "杭州圓景樂馳") together hold about 2.5% of Minieye Technology's shares as of today. In addition, CICC Capital, a subsidiary of CICC (03908.HK)  +0.240 (+1.749%)    Short selling $18.75M; Ratio 7.048%   , also held about 5.56% of the company's shares before listing.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-25 16:25.)

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