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UBTECH ROBOTICS CORP LTD Class H ( (HK:9880) ) has provided an announcement.
UBTECH ROBOTICS CORP LTD has completed the first phase of a major transaction to acquire a 29.99% equity interest in a Shenzhen Stock Exchange-listed target company. Following regulatory confirmation from the SZSE and registration by China Securities Depository, the sale shares have been transferred to UBTECH’s A-share account.
As a result of the transfer and the vendors’ waiver of voting rights over certain pre-acceptance shares, UBTECH now holds effective control and has become the controlling shareholder of the target company. The separate partial offer to acquire an additional 13.02% stake remains pending, with the company indicating it will issue further updates in line with Hong Kong Listing Rules as the offer progresses.
The most recent analyst rating on (HK:9880) stock is a Sell with a HK$135.00 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 China-based robotics company listed in Hong Kong that focuses on advanced robotics technologies and related solutions. Through strategic investments and acquisitions, the group aims to strengthen its position and influence within the broader technology and robotics ecosystem in mainland China and beyond.
Average Trading Volume: 7,560,728
Technical Sentiment Signal: Hold
Current Market Cap: HK$55.37B
See more insights into 9880 stock on TipRanks’ Stock Analysis page.