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Ubtech Robotics is planning to raise HKD 3.1 billion (approximately USD 398.7 million) through a new share offering in Hong Kong to finance investments. The company will issue 31.5 million new shares at HKD 98.80 (around USD 12.70) per share, representing roughly an 11.4% discount compared to yesterday’s closing price of HKD 111.50. This move will increase the company’s total share capital from 472 million to 503 million shares.
Since listing in Hong Kong two years ago, the company has completed five share placements, totaling HKD 4.4 billion (about USD 565.9 million).
The company’s shares closed today at HKD 110.60 (approximately USD 14.22), down 0.8% from the previous day. Despite this decrease, the stock has more than doubled in value since the end of last year.
Approximately 75% of the net proceeds will be allocated over the next two years to invest in or acquire high-growth businesses within the robotics industry, or to form joint ventures related to these sectors. The company has yet to identify specific acquisition targets.
About 15% of the funds will cover operational expenses, including general corporate purposes, domestic and international investments, and the construction or renovation of facilities. The remaining amount will be used to repay loans from financial institutions.
Additionally, the company announced it secured a CNY 264 million (USD 37.2 million) order for humanoid robots from Fangchenggang city in Guangxi Zhuang Autonomous Region, setting a new record for a single order in China, surpassing the previous CNY 250 million record.
The order involves the industrial android Walker S2, which will be deployed for border passenger management, security patrols, logistics, commercial services, and factory inspections. Delivery is expected next month.
The company also revealed that total orders for its Walker-series robots have reached CNY 1.1 billion (USD 155 million) so far this year.
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