China's Ubtech climbs on securing humanoid robots contract at border

About this update from Miracle Automation Engineering Co., Ltd. Class A

** Shares of Chinese humanoid robot maker Ubtech Robotics Corp HKEX:9880 climb 3.3% to HK$114.2, set for the biggest one-day pct rise since Oct 24** Stock on course to snap four consecutive sessions of decline** Ubtech said it has secured a 264 mln yuan ($37.27 mln) contract in Guangxi to deploy industrial-grade Walker S2 humanoid robots to guide travellers, conduct inspections and handle logistics at the national border, among others. Delivery is expected to be in December** Ubtech also said it would buy a 7% equity interest in logistics robotic products unit Wuxi Uqi Intelligent Technology, from Miracle Automation Engineering SZSE:002009, for 130.1 mln yuan ($18.4 mln), raising its stake in the unit to 41.4906% ** YTD, stock up 104.2%, Hang Seng Tech Index HSI:HSTECH up 26.1%($1 = 7.0835 Chinese yuan renminbi)

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