Allen Chang 13 October 2025 | 11:12PM HKT Equity Research Horizon Robotics (9660.HK): R&D on cloud computing and technology advancement; Shares placement and subscription completed; Buy Horizon Robotics announced the completion of the shares placement and subscription in Oct 2025 (Link), and issued 639m subscription shares at the price of HK$9.99 per share. The net proceeds of HK$6.4bn are mainly to be used for (1) overseas expansion, (2) R&D investment in cloud resource and intelligent driving technology a ...