BUZZ-HK-listed RoboSense Technology tumbles as lock-up period ends

Reuters07-05

** Shares of laser imaging detection and ranging (LiDAR) products maker RoboSense Technology Co Ltd plunge 67.8% to HK$16.4, their lowest and biggest pct decline since debut on Jan 5

** Stock on track for the second session of fall, biggest pct loser on the Hong Kong bourse

** RoboSense, with current market value of HK$7.3 bln ($934.8 mln), had said in its listing prospectus that lock-up period for pre-IPO investors and shareholders will expire six months after listing

** Hang Seng Tech Index falls 1.7%, while Hang Seng Commerce & Industry Index and Hang Seng Index

both slip 1%

($1 = 7.8089 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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