China’s Evergrande’s electric vehicle division opens higher after allotment of US$347 million in shares Reuters

© Reuters. File Picture: The electric vehicle (EV) plant of China Evergrande New Energy Automobile Group, Tianjin, China, October 20, 2021. REUTERS/Yilei Sun

Hong Kong (Reuters)-China Evergrande New Energy Automobile Group Co., Ltd. shares will rise 4.8% to HK$3.7 after the company raised approximately US$347 million through rights issues.

The struggling real estate developer China Evergrande’s electric vehicle unit issued approximately 900 million shares at a price of HK$3 per share by increasing capital to the controlling shareholder Evergrande Health Industry Holdings Co., Ltd.

(Reporting by Claire Jim; Editing by Tom Hogg)

Disclaimer: Converged Media I would like to remind you that the data contained in this website may not be real-time or accurate. All CFDs (stocks, indices, futures) and foreign exchange prices are not provided by exchanges, but by market makers, so prices may be inaccurate and may be different from actual market prices, which means that prices are indicative and not Suitable for trading purposes. Therefore, Fusion Media is not responsible for any transaction losses that you may suffer as a result of using this data.

Converged Media Fusion Media or anyone related to Fusion Media shall not be liable for any loss or damage caused by reliance on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *