Ubox Online (02429) rose more than 30% in the final moments of trading, reaching a 21.27% increase as of the time of this report, at 13 Hong Kong dollars, with a turnover of 0.14 billion Hong Kong dollars.
According to Asiatimes Finance APP, Ubox Online (02429) surged more than 30% in the final moments of trading, with a 21.27% increase as of the time of this report, trading at 13 Hong Kong dollars, with a turnover of 0.14 billion Hong Kong dollars.
On the news front, by the end of August this year, Ubox Online signed a memorandum of cooperation with Siwar Foods in Riyadh, the capital of Saudi Arabia. Under the memorandum, both parties will initially promote and pilot operation of Ubox Asia Vets unmanned smart vending machines in the Saudi market. Subsequently, when conditions are met, a joint venture company will be established, fully controlled by Ubox Online, to jointly develop and operate the Saudi unmanned retail market.
Furthermore, Ubox Online recently announced that the Stock Exchange has approved 65.113 million shares of H shares for full circulation and conversion, as well as the conversion and listing of H shares converted from domestic shares for trading on the Hong Kong Stock Exchange as of September 4, 2024, subject to all other conditions for conversion and listing being met.