UBOX ONLINE (02429) fell more than 7% in the afternoon to a low of HK$3.73, setting a new low. As of press release, it fell 6.47% to HK$3.76, with a turnover of HK$36.0442 million.
The Zhitong Finance App learned that UBOX ONLINE (02429) fell more than 7% in the afternoon to a low of HK$3.73, setting a new low. As of press release, it fell 6.47% to HK$3.76, with a turnover of HK$36.0442 million.
According to the news, UBOX ONLINE announced that the company's board of directors reviewed and approved the proposal to implement full circulation of H shares on the same day, that is, to convert 76,319,674 unlisted shares of the company into H shares of the company. The full circulation, conversion and listing of H shares can only be completed after fulfilling other relevant procedures required by the China Securities Regulatory Commission, the Stock Exchange and other relevant domestic and foreign regulatory authorities.
According to reports, UBOX ONLINE is the largest unmanned retail business operator in China. The company listed on the Hong Kong Stock Exchange on November 3, 2023. On November 4, 2024, the first anniversary of UBOX ONLINE listing was lifted. Wang Bin, the company's largest shareholder and chairman, Chen Kunrong, and the cornerstone investor Nai Xue's restricted shares such as tea and Melaka were lifted. The number of shares involved exceeded 0.2 billion shares, accounting for 27.88% of Youbao's total online share capital.