Shanghai MicroPort MedBot (Group) (HKG:2252) may raise HK$266.3 million in net proceeds by placing 34.7 million shares at a net price of about HK$7.67 apiece to at least six placees, according to a Tuesday filing with the Hong Kong bourse.

The placed shares make up about 3.45% of the enlarged share capital, the filing said.

The proceeds will be used to develop core business and replenish working capital needs.