Nuobikan Artificial Intelligence hits record low on discounted share sale

Nuobikan Artificial Intelligence Technology (Chengdu)

29/09/2026 04:06

** Shares of Nuobikan Artificial Intelligence Technology 2635.HK drop 11.4% to HK$8.4, their lowest since trading debut on December 23, 2025 
** Stock set for the biggest one-day pct drop since July 17 in the third straight session of decline 
** China-based monitoring and inspection products solutions provider for railway and power grid companies plans sales of 16.49 million new shares, or 4.17% of the enlarged share capital, raising HK$135 million ($17.2 million) for R&D, business expansion and for acquisition 
** The shares will be offered to third party investors at HK$8.19 apiece, representing a 13.6% discount to Monday's close of HK$9.48
** YTD, stock down 76.7%, benchmark Hang Seng Index .HSI down 4.4%    



($1 = 7.8446 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))