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The latest announcement is out from UBTECH ROBOTICS CORP LTD Class H ( (HK:9880) ).
UBTECH ROBOTICS CORP LTD has initiated a share purchase plan to support its H share incentive scheme, aiming to enhance long-term sustainable development and align employee interests with shareholders. By entrusting Yunnan International Trust Co., Ltd. to purchase H shares from the secondary market, the company views the current undervaluation of its shares as an opportunity to implement this plan, with an expected investment of not more than RMB200 million.
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, specializing in robotics technology. The company focuses on sustainable development and performance goals, aligning employee and shareholder interests, and improving its incentive mechanisms to attract and retain talented personnel.
YTD Price Performance: -1.91%
Average Trading Volume: 5,118,524
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$22.38B
Learn more about 9880 stock on TipRanks’ Stock Analysis page.
