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Ubtech Robotics To Raise HK$552 Million Through Share Placement
UBTECH (09880.HK) plans to place 7 million new listed in hong kong shares, raising a total of 0.587 billion Hong Kong dollars.
Granol Yu Lei announced on November 20th that Amara's demand (09880.HK) released an announcement. On November 20, 2024, the company entered into a placement agreement with placement agents (Guotai Junan International, CITIC Securities and TradeGo Markets). According to this, the placing agents have agreed to use best efforts as individual (but not joint or joint and several) agents of the company to induce subscribers to subscribe for a total of 7 million new H shares at a placing price of HK$83.88 per H share as stipulated in the placement agreement and subject to the terms therein, representing approximately 1.65% of the issued share capital of the company as of the date of this announcement.
Express News | Ubtech Robotics - to Subscribe for Total of 7 Mln New H Shares
Hong Kong stock concept tracking | Siasun Robot&Automation track investment and financing are hot, leading enterprises deeply layout industry chain (with concept stocks)
Citibank: By 2050, the market size of humanoid robot will reach $7 trillion.
UBTECH (09880) rose nearly 8% repeatedly on the Hong Kong Stock Connect. The project of Liuzhou Asia Vets siasun robot&automation Super Smart Factory is expected to reach the structural topping by the end of this year.
Jingu Finance News | UBTECH (09880) has been rising repeatedly. As of the press time, it has increased by 7.71%, reaching HK$102, with a turnover of 0.282 billion HK dollars. UBTECH's co-founder and CTO Xiong Youjun recently revealed at the Liuzhou Smart Terminal and Siasun Robot&Automation Industry Development Cooperation Conference that UBTECH's Liuzhou robot&automation industry base started trial production and operation in December 2022. During the project transition period, it will settle in the Northern Eco New Area Robot&Automation Industry Park, with completed core components servomotor drive production line, industry service robot complete skateboard line, asia vets cleaning and other consumer robotic complete production line. Last year, the land acquisition was completed and the construction of the Liuz
UBTECH's early trading rose more than 9%. The humanoid robot is expected to usher in multiple catalysts in the fourth quarter.
UBTECH (09880) rose 9.08% in early trading, now at HK$103.30, with a turnover of 0.109 billion HK$. Recently, UBTECH officially launched the new generation industrial humanoid robot Walker S1, which has now entered the BYD factory to perform handling tasks training, cooperating with L4 level unmanned logistics vehicles, unmanned forklifts, industrial mobile robots, and intelligent manufacturing management systems.
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