Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Horizon Robotics Class B ( (HK:9660) ) has provided an announcement.
Horizon Robotics, a company incorporated in the Cayman Islands, has entered into a loan agreement with its founder and controlling shareholder, Dr. Kai Yu. The agreement involves a loan of RMB64,026,413.93 for tax compliance purposes, with an escrow arrangement involving Class B Ordinary Shares to ensure repayment. This transaction is classified as a connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from shareholder approval.
The most recent analyst rating on (HK:9660) stock is a Buy with a HK$11.00 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
Average Trading Volume: 188,083,075
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$131.6B
For an in-depth examination of 9660 stock, go to TipRanks’ Overview page.