Unitree Robotics said in its issuance results announcement for its initial public offering and STAR Market listing that online and offline subscription payments for the deal have been completed. The filing set out the company’s control structure before and after the offering. Before the issuance, controlling shareholder and actual controller Wang Xingxing collectively controlled 34.763% of the company’s shares. Through a special voting rights arrangement, his total voting power stood at 68.7816%. After the offering, Wang will directly hold 21.4395% of the company’s equity, according to the announcement. Under the company’s differentiated voting rights structure, he will collectively control 65.309% of voting rights after the issuance and will remain the actual controller of the company. The update was reported by Odaily.
Unitree Robotics said in an announcement on the results of its initial public offering and listing on Shanghai’s STAR Market that the online and offline subscription payment process for the share sale has been completed.
According to the announcement, before the offering, controlling shareholder and actual controller Wang Xingxing collectively controlled 34.763% of the company’s shares. Through a special voting rights arrangement, Wang collectively held 68.7816% of the company’s voting power.
After the issuance, Wang, the company’s actual controller, will directly hold 21.4395% of the company’s equity. Under a differentiated voting rights structure, he will collectively control 65.309% of the voting rights and will remain the company’s actual controller.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
