Ubtech climbs on purchase of shares on-market under incentive scheme

Ubtech Robotics

09/10/2026 03:15

** Shares of Ubtech Robotics Corp 9880.HK climb 2.3% to HK$70.8, on track for the biggest one-day pct gain since September 17
** Stock on course to snap two consecutive declining sessions
** Chinese humanoid robot maker said trustee of its H share incentive scheme had purchased 80,000 H shares from the market on October 8 to hold on trust for the benefit of the eligible participants 
** The shares were purchased at an average price of HK$69.185 apiece for an aggregate HK$5.53 million ($704,710) and the board will review and determine the number of H Shares to be further purchased from the market under the scheme - Co
** YTD, stock down 44.3%, Hang Seng Tech Index .HSTECH down 24.5%
     
     
     
     
     
($1 = 7.8472 Hong Kong dollars)

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