Chinese maker of robot-vacuum sensors launches Hong Kong IPO, undeterred by US ban

According to a report by SCMP… Shenzhen Camsense Technologies, a maker of spatial sensors for robotic vacuum cleaners, launched a Hong Kong initial public offering (IPO) that aims to raise about HK$680 million (US$86.7 million), despite headwinds from Washington’s recent import ban on foreign-made vacuum robots.
“The export and procurement for our existing client products remain normal, with potential disruption limited to new product development schedules,” Camsense co-founder Zhou Kun said about the ban’s impact. “We have… complete report is on below link. Source: https://www.scmp.com/business/markets/article/3368466/chinese-maker-robot-vacuum-sensors-launches-hong-kong-ipo-undeterred-us-ban?utm_source=rss_feed