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UBTECH ROBOTICS Swells 7%+ After 3 Shareholders Voluntarily Pledge Not to Sell Any Shrs for Next 12 Mths
UBTECH ROBOTICS (09880.HK) ended its decline in 4 consecutive days, and opened 6.59% higher at a high of $49.75 today (6th). The stock last printed at $49.75, up 7.45%, with 1.6928...
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UBTECH ROBOTICS Swells 7%+ After 3 Shareholders Voluntarily Pledge Not to Sell Any Shrs for Next 12 Mths
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UBTECH ROBOTICS (09880.HK)  +2.050 (+3.954%)   ended its decline in 4 consecutive days, and opened 6.59% higher at a high of $49.75 today (6th). The stock last printed at $49.75, up 7.45%, with 1.6928 million shares traded, involving $83.0185 million.

Earlier, UBTECH ROBOTICS' share price dived about 49% in the past 4 trading days after Chairman Zhou Jian and other shareholders terminated their concert party agreements, upon the expiration of the 12-month lock-up undertaking of its controlling shareholders.

Related NewsCiti Initiates Coverage on UBTECH ROBOTICS (09880.HK) w/ Rating Buy & TP $70
Following Zhou's pledge not to reduce his 70.4 million H-shares of the Company in the coming year, three new shareholders, including Xiong Youjun, Wang Lin and Zhao Guoqun, voluntarily undertook not to sell any of their shares in the next 12 months.
(HK stocks quote is delayed for at least 15 mins.)

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