China's UBTech jumps after three key shareholders pledge not to sell shares

Ubtech Robotics

06/01/2025 02:40

** Hong Kong-listed shares of Chinese humanoid robot maker
UBTech Robotics Corp Ltd  9880.HK  jump 12.1% to HK$51.90, on 
track for the biggest one-day pct rise since Oct 22
    ** Stock on course to snap four straight sessions of
decline; eighth biggest pct gainer on the Hong Kong bourse
    ** Company says its key shareholders Xiong Youjun, Wang Lin
and Zhao Guoqun voluntarily undertake to the company that they
will not sell any of the shares held within 12 months from the
date of the undertakings
    ** Xiong owns 8.29 mln shares of the company, Wang holds
8.20 mln shares and Zhao controls 2.45 mln shares
    ** Hang Seng Tech Index  .HSTECH  climbs 0.5% while Hang
Seng Commerce & Industry Index  .HSNC  eases 0.2% and Hang Seng
Index  .HSI  slips 0.01%
    
  

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