The move follows the sharp reversal in Unitree Robotics shares after the company’s Shanghai debut last month. Its stock surged more than fivefold on its first day of trading before falling 55% from its peak.
Oliver Alawuba, the Group Managing Director and Chief Executive Officer of UBA, made the call in Abuja during the celebration of Brazil’s National Day, hosted by the Embassy of the Federative Republic of Brazil in Nigeria.