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UBTECH Robotics Leaders Boost Stake, Signal Confidence in Future

Story Highlights
  • UBTECH Robotics leaders purchased H shares, showing confidence in the company’s future.
  • The company may increase shareholdings up to RMB50 million, maintaining compliance with regulations.
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UBTECH ROBOTICS CORP LTD Class H ( (HK:9880) ) has issued an announcement.

UBTECH ROBOTICS CORP LTD announced that its directors, supervisors, and senior management have collectively purchased H shares of the company using their own funds. This move reflects their confidence in the company’s business development and long-term prospects, as they believe the current share price undervalues the company’s true worth. The company plans to potentially increase shareholdings further, with a cap of RMB50 million within the next year, while maintaining compliance with public float requirements.

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 is listed on the Hong Kong Stock Exchange and focuses on developing advanced robotics solutions.

YTD Price Performance: 43.04%

Average Trading Volume: 14,556,123

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$34.72B

See more insights into 9880 stock on TipRanks’ Stock Analysis page.

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