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UBTECH ROBOTICS CORP LTD Class H ( (HK:9880) ) just unveiled an announcement.
UBTECH ROBOTICS CORP LTD announced the successful utilization of proceeds from their First and Second Placings, amounting to approximately HK$121.85 million and HK$407.73 million respectively. The funds were allocated towards business operation and development, working capital, corporate purposes, and repayment of credit facilities, indicating a strategic focus on strengthening financial stability and operational growth.
More about UBTECH ROBOTICS CORP LTD Class H
UBTECH ROBOTICS CORP LTD is a joint stock company established in the People’s Republic of China, specializing in robotics technology. The company is listed on the Stock Exchange of Hong Kong and focuses on business operations, development, and investments in the robotics industry.
YTD Price Performance: 86.35%
Average Trading Volume: 10,272,477
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$44.2B
For an in-depth examination of 9880 stock, go to TipRanks’ Stock Analysis page.