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UBTECH ROBOTICS Places Shrs at 8.5% Discount for $876M Net Proceeds
Recommend 14 Positive 32 Negative 26 |
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UBTECH ROBOTICS (09880.HK) announced the placing of 10.1551 million new H shares, representing approximately 2.3% of the enlarged share capital, at $90 per share, representing a discount of approximately 8.54% to yesterday (19th)'s closing price of $98.4. The net proceeds to be received by the Company from the Placing are estimated to be approximately $876 million. The Company intends to apply the net proceeds for the Group’s business operation and development (including, among other things, working capital, general corporate purposes, offshore and onshore investments, and project construction and renovation) and repayment of amounts due (including principal and interests accrued thereon) under the credit facilities granted by the relevant financial institutions to the Group companies. AAStocks Financial News |
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