Ubtech Robotics (HKG:9880) has completed the placement of 10,155,099 shares to at least six investors at HK$90 apiece to raise net proceeds of HK$876.3 million, a Thursday filing with the Hong Kong bourse said.
The shares represent about 2.3% of the Chinese robotics company's enlarged issued share capital.
Proceeds from the issue will mainly be used for the R&D expenses of core technologies.
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