Ubtech Robotics hits near 11-week low on discounted share sale

Ubtech Robotics

25/11/2025 03:40

** Shares of Ubtech Robotics Corp 9880.HK slip 5.7% to HK$105.1, their lowest level since Sept. 11

** The Chinese humanoid robot maker plans sale of 31.47 mln new shares, or 6.25% of the enlarged share capital, to third party investors in share placement, raising HK$3.11 bln  ($399.89 mln) for acquisition of upstream or downstream targets in its business value chain

** The new shares will be issued at HK$98.8 each, or 11.39% discount to Monday's close of HK$111.50 per share

** YTD, stock up 105.3%, Hang Seng TECH Index .HSTECH up 26.5%

($1 = 7.7771 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))