Ubtech Robotics (HKG:9880) completed the placing of 5,060,000 new H shares at HK$86.18 apiece to raise net proceeds of HK$407.7 million, a Wednesday bourse filing said.
The shares represent nearly 1.2% of the Chinese robotics company's enlarged issued share capital.
The firm will use proceeds from the placement for its business operation and development, as well as repayment of amounts due under certain credit facilities.
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