A Chinese entrepreneurial investor, Hong Kong exchange-listed KuangChi Science, bought most of the shares offered in the IPO – 52.5 million – for $A21 million.
Martin Aircraft is developing the Martin Jetpack for recreational, surveillance, and emergency response use, and an unmanned aerial vehicle version the Martin Skyhook, to use in conflict and search and rescue operations.
MJP Price at posting:
87.0¢ Sentiment: None Disclosure: Not Held