Shares of RoboSense Technology Co Ltd (02498) surged 5.14% on Wednesday, outperforming the broader market, following the company's announcement of a new share placement.
RoboSense revealed plans to place up to 10 million new shares at a price of HK$27.75 per share, raising additional capital for the company's operations and future growth initiatives.
The share placement announcement was well-received by investors, driving strong demand for RoboSense's stock during Wednesday's trading session. Analysts view the capital raise as a positive development, providing the company with additional financial resources to support its business strategies and potentially fuel further expansion.
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