China's UBTech climbs to two-month high on share sale plan

Ubtech Robotics

20/02/2025 02:16

** Shares of Chinese humanoid robot maker Ubtech Robotics
Corp  9880.HK  jump 9% to HK$107.3, their highest levels since
December 11 
    ** Stock on track for a third straight session of gains, if
current trend holds 
    ** Ubtech Robotics plans sale of 10.16 mln new shares, or
2.3% of the enlarged share capital, to third-party investors 
raising HK$914 mln ($117.5 mln) for business development,
products commercialisation, while broadens its shareholders base
    ** The Hang Seng Tech Index  .HSTECH  falls 1.4%, and Hang
Seng Index  .HSI  declines 1.2%
    ** Stock up 87% YTD  

    ($1 = 7.7774 Hong Kong dollars)

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