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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.