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The latest update is out from Horizon Robotics Class B ( (HK:9660) ).
Horizon Robotics has successfully completed the placing of 639,028,800 existing shares and a top-up subscription of new shares under a general mandate. The shares were placed at a price of HK$9.99 each to at least six independent third-party placees, ensuring no single placee became a substantial shareholder. This strategic move is expected to impact the company’s shareholding structure, potentially enhancing its market positioning and providing additional capital for future growth initiatives.
The most recent analyst rating on (HK:9660) stock is a Hold with a HK$10.00 price target. To see the full list of analyst forecasts on Horizon Robotics Class B stock, see the HK:9660 Stock Forecast page.
More about Horizon Robotics Class B
Horizon Robotics is a company incorporated in the Cayman Islands, controlled through weighted voting rights. It operates within the technology sector, focusing on robotics and artificial intelligence solutions.
Average Trading Volume: 253,869,608
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$132.8B
Find detailed analytics on 9660 stock on TipRanks’ Stock Analysis page.