Summary by Moomoo AI
Apollo Smart Mobility Group Limited ("AFMG") announced the unaudited interim performance for the six months ended June 30, 2024. During this period, the group's revenue was approximately HK$126,200,000, with a gross profit of approximately HK$12,310,000, while the loss for the period widened to HK$347,895,000. The basic loss per share was 50.14 HK cents. The company sold its holdings in Divergent Technologies Inc. after the reporting period, equivalent to approximately 12.87% of Divergent's issued shares, for a total consideration of US$101,533,292.15. In addition, the company successfully completed two rounds of rights issues in 2024, issuing a total of 541,783,162 new shares, raising approximately HK$254,000,000. The company plans to focus on the research and development of high-end supercars and electric automobiles in the future, and to provide travel development and engineering services through its subsidiary, GLM Co., Ltd.