© 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)
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.