HK-listed RoboSense Technology tumbles as lock-up period ends

RoboSense Technology

05/07/2024 04:49

** Shares of laser imaging detection and ranging (LiDAR)
products maker RoboSense Technology Co Ltd  2498.HK  plunge
67.8% to HK$16.4, their lowest and biggest pct decline since
debut on Jan 5
    ** Stock on track for the second session of fall, biggest
pct loser on the Hong Kong bourse
    ** RoboSense, with current market value of HK$7.3 bln 
($934.8 mln), had said in its listing prospectus that lock-up
period for pre-IPO investors and shareholders will expire six
months after listing 
    ** Hang Seng Tech Index  .HSTECH  falls 1.7%, while Hang
Seng Commerce & Industry Index  .HSNC  and Hang Seng Index
 .HSI  both slip 1%
    

($1 = 7.8089 Hong Kong dollars)

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