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UBTECH ROBOTICS CORP LTD Class H ( (HK:9880) ) has shared an announcement.
UBTECH Robotics Corp Ltd has successfully completed the placement of 31,468,000 new H shares under a general mandate, representing approximately 7.27% of the enlarged H shares and 6.25% of the total shares. The shares were placed at HK$98.80 per H share to at least six independent placees, none of whom have become substantial shareholders, indicating a strategic move to strengthen the company’s financial position without altering its shareholder structure.
The most recent analyst rating on (HK:9880) stock is a Buy with a HK$154.00 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, operating in the robotics industry. The company focuses on developing and manufacturing advanced robotics technologies and products.
Average Trading Volume: 12,124,472
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$53.8B
For a thorough assessment of 9880 stock, go to TipRanks’ Stock Analysis page.