UBTECH Robotics Completes H Share Placement

UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.

UBTECH Robotics Corp Ltd successfully completed the placement of 7 million new H shares, raising approximately HK$551.88 million in net proceeds. The shares were priced at HK$83.88 each and were distributed to at least six independent placees. The company plans to use the funds for business operations, development, and debt repayment.

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