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The latest announcement is out from UBTECH ROBOTICS CORP LTD Class H ( (HK:9880) ).
UBTECH ROBOTICS CORP LTD has announced a connected transaction involving the acquisition of a 7% equity interest in Wuxi Uqi, increasing its total holding to approximately 41.49% and maintaining more than 50% of voting rights. This strategic move, along with arrangements for bank credit and guarantees, aims to support the company’s business expansion and operational continuity, subject to shareholders’ approval.
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 established in the People’s Republic of China, operating in the robotics industry. The company primarily focuses on developing and manufacturing advanced robotic technologies and solutions, catering to various market needs.
Average Trading Volume: 12,636,845
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$52.62B
For an in-depth examination of 9880 stock, go to TipRanks’ Overview page.