Zhida Technology raises HK$203M via discounted H-share placement for charging and robotics
Zhida Technology (02650.HK) announced a placement of up to 23.67 million new H-shares at HK$8.77 each, a 17.11% discount to the prior close, to raise net proceeds of approximately HK$203 million. Funds will be allocated 20% to energy management facilities, 30% to public charging infrastructure acquisitions, 30% to robotics supply chain investments, and 20% for working capital. The stock rose over 8% in early trading.
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Zhida Technology Rises Over 8% on Plan to Raise HK$203M for Charging and Robotics
Zhida Technology (02650) saw its shares rise over 8% in early trading, according to a report from Zhitong Finance. The company announced a proposed placement of up to 23.67 million H-shares at HK$8.77 per share, aiming to raise net proceeds of approximately HK$203 million. The funds are allocated as follows: 20% for new production facilities for energy management services and equipment purchases; 30% for acquisitions related to deploying public charging infrastructure; 30% for investment in businesses along the robotics product manufacturing supply chain; and 20% for general working capital. The stock was trading at HK$11.04 at the time of reporting, with a turnover of HK$121 million.
Zhida Technology Rebounds Nearly 17% on H-Share Placement Plan for AI Energy and Robot Strategy
On September 23, Zhida Technology (02650.HK) saw its stock price surge up to nearly 17% in intraday trading before narrowing gains to 2.65% at HK$10.86. The rally followed the company's announcement of an H-share placement plan to raise approximately HK$208 million. The funds will be allocated 20% to new energy management production facilities, 30% to acquiring public charging infrastructure businesses, 30% to investing in robot product manufacturing supply chains, and 20% for general working capital. This aligns with the company's 'AI Energy + Robot' strategy. However, the placement price of HK$8.77 represents a 17.11% discount to the previous close, leading to concerns over equity dilution. The company reported a net loss of RMB 117 million for the first half of 2026, a 288.5% year-on-year increase, due to intense price competition in the domestic charging pile market. Analysts caution that the charging robot business is still in early stages and profitability is unproven. Additionally, a large-scale share lock-up expiration in October poses a potential overhang on the stock price.
Read sourceZhida Technology's Discounted Share Placement Raises Over HK$200 Million; Stock Rises 5.6%
Zhida Technology (02650) saw its stock price rise 5.67% to HK$11.2 despite announcing a discounted share placement. The company plans to place up to 23,670,550 H-shares, representing 6.93% of its enlarged issued H-share capital, at a placing price of HK$8.77 per share. This price represents a discount of approximately 17.11% to the closing price of HK$10.58 on September 22. The placement is expected to raise gross proceeds of HK$208 million, with net proceeds of approximately HK$203 million. The company intends to allocate 20% of the net proceeds to building new production facilities and purchasing equipment for its energy management services; 30% for acquisitions related to deploying public charging infrastructure; 30% for investing in businesses involved in the manufacturing of robotics products and their upstream and downstream operations; and the remaining 20% for general working capital.
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Zhida Technology Plans to Place 23.67 Million H-Shares, Raising Net Proceeds of HK$203 Million
Zhida Technology (02650) announced on September 23, 2026, before trading hours, that it entered into a placing agreement with a placing agent to place up to 23.67 million new H-shares at HK$8.77 per share. The placing price represents a discount of approximately 17.11% to the last closing price of HK$10.58. Assuming full placement, the total gross proceeds will be approximately HK$208 million, with net proceeds of about HK$203 million. The company plans to allocate the net proceeds as follows: approximately 20% for the construction of new production facilities and equipment purchase for energy management services; approximately 30% for the acquisition of businesses related to public charging infrastructure; and approximately 30% for investment in robotics. The remaining funds are not specified in the excerpt.
Read sourceZhida Technology Plans to Place 23.67 Million New H-Shares at HK$8.77 Each
On September 23, 2026, Zhida Technology (02650.HK) announced a placing agreement with a placing agent to issue up to 23,670,550 new H-shares at a placing price of HK$8.77 per share. The placing shares represent approximately 7.44% of the total issued H-shares as of the announcement date and about 6.93% of the enlarged total issued H-shares after completion. The placing price of HK$8.77 represents a discount of approximately 17.11% to the last trading day's closing price of HK$10.58, a discount of about 14.59% to the average closing price over the last five consecutive trading days (HK$10.268), and a discount of roughly 13.82% to the average over the last ten consecutive trading days (HK$10.176). Assuming full placement, total gross proceeds are estimated at approximately HK$207.59 million, with net proceeds of about HK$203.44 million. The net proceeds are intended for new production facility construction and equipment purchase (approximately HK$40.69 million), acquisition of public charging infrastructure-related businesses (approximately HK$61.03 million), and investment in robotics.
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