China Innovationpay (03931) fell more than 3% during the session, and as of the time of publication, it has dropped by 2.88%, trading at 12.16 Hong Kong dollars, with a transaction amount of 3.0492 million Hong Kong dollars.
According to Zhituo Finance APP, China Innovation Aviation (03931) fell over 3% during trading, and as of the time of publication, it has dropped by 2.88%, trading at 12.16 Hong Kong dollars, with a transaction volume of 3.0492 million Hong Kong dollars.
In terms of news, on January 3, China Innovation Aviation issued a lawsuit announcement stating that Contemporary Amperex Technology has filed an intellectual property infringement claim regarding "the cover components of secondary batteries and secondary batteries" and related invention patents. Contemporary Amperex Technology demands that China Innovation Aviation compensate for economic losses totaling 90 million yuan and reimburse reasonable expenses of 1 million yuan incurred to stop the infringement.
In addition, China Innovation Aviation announced that it intends to use the unutilized raised funds from H shares for permanent liquidity replenishment. As of October 31, 2024, a total of 9.45 billion Hong Kong dollars of the raised funds have been utilized, primarily for the construction of production facilities and technological research and development for multiple projects. Specifically, 7.45 billion Hong Kong dollars have been used for production line construction, and 1 billion Hong Kong dollars for technology research and development and operational funds. The remaining 0.53 billion Hong Kong dollars have not been used.