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An announcement from UBTECH ROBOTICS CORP LTD Class H ( (HK:9880) ) is now available.
UBTECH Robotics Corp Ltd announced the placement of 31,468,000 new H shares under a general mandate, representing approximately 6.67% of its issued share capital. The shares will be placed to at least six independent third-party placees, with the aim of raising capital to support the company’s operations. The completion of this placing is contingent upon certain conditions and may not proceed, urging caution among shareholders and potential investors.
The most recent analyst rating on (HK:9880) stock is a Hold with a HK$113.00 price target. To see the full list of analyst forecasts on UBTECH ROBOTICS CORP LTD Class H stock, see the HK:9880 Stock Forecast page.
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 technology. The company is focused on developing innovative robotic solutions and holds a significant position in the robotics industry.
Average Trading Volume: 12,386,012
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$54.27B
Learn more about 9880 stock on TipRanks’ Stock Analysis page.