Etiqueta: Hong Kong

Chinese electric vehicle maker BYD is aiming to raise as much as 40.7 billion Hong Kong dollars ($5.2 billion) in what would be Hong Kong’s biggest share sale in nearly four years. The company is offering 118 million shares at 333 to 345 Hong Kong dollars each, according to terms of the deal seen by Bloomberg News. That implies a discount of up to 8.4 percent to BYD’s closing price on Monday, according to Bloomberg calculations. The transaction marks Hong Kong’s biggest share sale since food-del

Chinese electric vehicle (EV) giant BYD ($BYDDY) ($HK:1211) is raising about $5.2 billion through a share sale in Hong Kong, Reuters reported. This move is part of ...

The company is offering 118 million shares at HK$333 to HK$345 each, according to terms of the deal seen by Bloomberg News. That implies a discount of...

The carmaker will use the proceeds from the share placement for research and development and overseas expansion.

HONG KONG (Reuters) - Chinese electric vehicle maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 billion via an accelerated book-building, according to a deal term sheet seen by Reuters on Monday. The company has set a price range of HK$333-HK$345 per share for the offering, representing an up to 8.4% discount compared to the stock's market closing price of HK$363.60 on

BYD is offering 118 million shares at a discount of up to 8.4 percent to Monday's closing price of HK$363.60, according to Bloomberg.

A post-Lunar New Year rebound fueled big growth for new energy vehicle (NEV) sales in February, with most major brands like XPeng, Leapmotor and BYD reporting strong gains, some in triple-digits

Electric vehicle manufacturer BYD's production volume increased to 334,124 vehicles in February from 110,474 a year earlier, according to a filing with the Hong Kong Exchange. Sales volume also...

Byd: * SAYS FEB NEW ENERGY VEHICLE PRODUCTION VOLUME 334,124 UNITS VERSUS 110,474 UNITS A YEAR AGO * SAYS NEW ENERGY VEHICLE SALES VOLUME FOR FEB 322,846 UNITS VERSUS...

Allegations of labour abuse on Brazil building site cast a shadow over BYD’s plan for its first car factory outside Asia