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UBTECH Robotics Proposes H Share Circulation

UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.

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UBTECH Robotics Corp Ltd has announced its board’s approval for the proposed H Share Full Circulation, which will convert nearly 7 million domestic shares into H Shares, subject to conditions including shareholder and regulatory approvals. The company is yet to fulfill these conditions and will dispatch a circular with details and seek shareholder approval at an upcoming Extraordinary General Meeting (EGM). Shareholders and potential investors are cautioned to be prudent in their dealings with the company’s shares during this process.

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