According to the Zhitong Finance App, Hong Kong Robotics (00370.HK) announced that the company proposes to issue approximately 1,049 million shares according to the “2 for 1” benchmark, with a maximum net share proceeds of about HK$203.3 million. Approximately 66.3% will be used for the procurement and development of the Group's robotics business and supporting projects, 4.9% will be used for the Group's building construction business, and 11.6% will be used to repay the Group's outstanding debts.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.