UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.
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UBTECH Robotics Corp Ltd has entered into an agreement to place 7 million new H Shares, representing about 1.65% of its current share capital. The company has appointed placing agents to find independent subscribers for the shares under a general mandate, with completion subject to certain conditions. Investors are advised to proceed with caution as the placing may not go forward.
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