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The Hong Kong-listed company said in an exchange filing on Sunday it would receive funding from Infini Capital, an investment conglomerate headquartered in Hong Kong and Abu Dhabi. The support would come through share allocations, convertible bonds and expedited loans.
Infini Capital opened its Abu Dhabi office in March 2024. Founder and CEO Tony Chin said at the time that the firm intended to capitalise on the “deepening investments between Greater China and the Middle East”.
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China unveils world’s first humanoid robot that can change its own batteries
China unveils world’s first humanoid robot that can change its own batteries
The firm plans to help UBTech establish a research centre and a “super factory” in the Middle East. It also aims to increase its holdings in UBTech to a 5 per cent equity stake, leveraging its previous investments in the AI and robotics supply chains to help the Shenzhen-based robot manufacturer develop “more powerful and cost-effective humanoid robots”.
