UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.
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UBTECH ROBOTICS CORP LTD has announced plans to convert its domestic shares into H shares, which will be fully circulated on the Hong Kong Stock Exchange pending necessary approvals, including from shareholders and regulatory authorities. The company is set to hold an Extraordinary General Meeting (EGM) for shareholder approval on the proposed full circulation and has yet to submit the filing application to the CSRC. Investors are advised to exercise caution when dealing in the company’s shares due to the contingent nature of the proceedings.
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