Horizon Robotics-W (09660.HK) plans to issue 639 million shares with a net raise of approximately HK$6.339 billion.

Zhongtong Finance App News, Horizon Robotics-W (09660.HK) announced that on September 25, 2025 (after trading hours), the company, existing shareholders, and agents entered into a placement and subscription agreement. According to this agreement, (i) existing shareholders agreed to sell their shares, while agents agreed to act as representatives of existing shareholders and make their best efforts to convince the underwriters to purchase the placement shares at a price of HK$9.99 per share; and (ii) existing shareholders conditionally agreed to subscribe, while the company conditionally agreed to issue subscription shares to existing shareholders under general authority, at a price equivalent to the placement price of HK$9.99 per share. The placement price represents a discount of approximately 5.75% to the closing price of HK$10.60 per share on the last trading day on the Stock Exchange of Hong Kong.