Robotechnik acquisition and fundraising plan approved by SZSE

Robotechnik Intelligent Technology (SZSE:300757) announced that its plan to acquire assets through share issuance and cash payment, coupled with a fundraising round, has been approved by the Shenzhen Stock Exchange's (SZSE) Mergers and Acquisitions Review Committee. The acquisition involves purchasing 81.18% of Suzhou Feikong Taike Technology and stakes in ficonTEC Service GmbH and ficonTEC Automation GmbH. To support this, Robotechnik aims to raise up to CNY 38,400,000 through a non-public offering of shares to no more than 35 specific investors. The approval from the SZSE is a significant step, but the transaction is still contingent upon registration approval from the China Securities Regulatory Commission (CSRC). The company noted that there remains a risk around CSRC approval.