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An announcement from UBTECH ROBOTICS CORP LTD Class H ( (HK:9880) ) is now available.
UBTECH Robotics Corp Ltd has successfully completed the placing of new H shares under a general mandate. A total of 30,155,450 shares were placed at a price of HK$82.00 per share, representing a significant portion of the company’s H shares and total shares in issue. The placing was made to at least six independent third-party placees, none of whom have become substantial shareholders, indicating a strategic move to raise capital without altering the company’s control structure.
More about UBTECH ROBOTICS CORP LTD Class H
UBTECH Robotics Corp Ltd is a joint stock company incorporated in the People’s Republic of China. It operates in the robotics industry, focusing on the development and production of intelligent robots and related technologies.
Average Trading Volume: 8,291,896
Technical Sentiment Signal: Buy
Current Market Cap: HK$41.92B
See more insights into 9880 stock on TipRanks’ Stock Analysis page.