RoboSense Technology (HKG:2498) seeks to raise gross proceeds of up to HK$277.5 million via placement of up to 10 million new shares to at least six independent institutional and corporate professional investors at HK$27.75 apiece.
The shares represent 2.22% of the enlarged issued shares of the company, a Wednesday Hong Kong bourse filing said.
The company plans to use the net proceeds of HK$271.0 million for research and development, business development in the overseas market, and general working capital of the group.
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