RoboSense Technology (HKG:2498) completed the placement of 10 million new shares to at least six placees at HK$27.75 apiece, raising net proceeds of about HK$271 million, a Wednesday bourse filing said.

The shares represent around 2.22% of the technology company's enlarged issued share capital.

The company will use proceeds from the issue for R&D purposes, enhancing its business development in overseas markets, exploring strategic partnership opportunities, and working capital.