Unitree Technology's employee asset management plan intends to participate in the company's IPO strategic placement, with Wang Xingxing subscribing 15 million yuan.
1 hours ago
China’s leading civilian robotics firm Unitree Robotics disclosed in its IPO prospectus for the STAR Market that the company’s senior executives and core employees plan to participate in the offering’s strategic placement via two asset management plans: Unitree Employee No.1 Asset Management Plan and Unitree Employee No.2 Asset Management Plan. The total shares allocated to these two plans will not exceed 10% of the offering size, or 4,044,643 shares, with combined subscription capital capped at 271.5 million yuan. The final strategic placement volume will be confirmed after the offering price is set. All funds raised by Unitree Employee No.1 Asset Management Plan will be used for the strategic placement, totaling 218.5 million yuan in placement payments. Unitree Employee No.2 Asset Management Plan’s funds will also go entirely to the placement, amounting to 53 million yuan. Per the list, Unitree Employee No.1 Asset Management Plan includes 161 participants, including CFO Wang Feng, while the No.2 plan has 10 participants, including Chairman Wang Xingxing, whose individual subscription is 15 million yuan. Earlier reports indicated that Unitree’s A-share STAR Market preliminary inquiry date is August 5, with the offline subscription date falling on August 10.
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