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UBTECH ROBOTICS CORP LTD Class H ( (HK:9880) ) has provided an announcement.
UBTECH Robotics Corp Ltd has announced a new placement of 10,155,099 H shares under a general mandate, representing approximately 2.35% of its issued share capital. The placement is subject to certain conditions and termination rights, with shares expected to be distributed to at least six independent parties, aiming to raise capital and enhance market liquidity.
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, specializing in robotics and artificial intelligence technologies. The company operates in the technology industry, focusing on the development and distribution of advanced robotic solutions.
YTD Price Performance: 57.78%
Average Trading Volume: 8,980,011
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$37.42B
For an in-depth examination of 9880 stock, go to TipRanks’ Stock Analysis page.
