UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.
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UBTECH ROBOTICS CORP LTD has announced the placement of 1,420,000 new H shares through a Placing Agreement with appointed Placing Agents, who will seek subscribers on a best-effort basis. These shares represent a minor increase in the company’s total issued share capital and are intended for placement with at least six independent placees. The completion of the placement is contingent on certain conditions, and the company cautions shareholders and potential investors to be prudent in their dealings with the company’s securities.
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