Ubtech Robotics To Raise HK$552 Million Through Share Placement

MT Newswires Live

2024/11/20

Ubtech Robotics (HKG:9880) plans to raise HK$551.9 million in net proceeds from the placement of 7 million placement shares to at least six placees, according to a Wednesday filing on the Hong Kong Bourse.

The placing price is HK$83.88 per H share, and the total issue will amount to 1.62% of the total issued up share capital.

The proceeds will be used for repayment of debts and general corporate purposes by the company and its units.

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