UBTECH Robotics Signs New MAE Framework Deal and Seeks Bank Credit Backing
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UBTECH Robotics Corp Ltd has announced a new framework agreement with MAE Group to supply project engineering products and services until 2028. The company is updating its Articles of Association to reflect changes in share capital after a recent placing. Additionally, UBTECH's board has approved an application for new bank credit, pending shareholder approval, to support business expansion. The latest analyst rating for UBTECH stock (HK:9880) is a Sell with a price target of HK$135.00.
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