Beijing UBOX Online falls on discounted share sale

Beijing UBOX Online Technology

07/03/2025 02:45

** Shares of Chinese smart retail business group Beijing UBOX Online Technology Corp 2429.HK drop 8.2% to HK$3.25, on course for the biggest one-day pct drop since February 3

** Stock sinks to the lowest since March 3, snapping two straight sessions of gains

** Company plans sale of 51.64 mln new shares to third party investors, raising HK$155.4 mln ($20 mln) for buying fixed assets and for working capital

** The new shares will be offered at HK$3.01 each, or a 14.97% discount to Thursday's close

** Hang Seng Consumption Index .HSCGSI adds 0.02%, while  Hang Seng Index .HSI slips 0.6%

** Stock down 2.7% YTD

($1 = 7.7740 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))