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China Evergrande’s Electric Vehicle Company Raises $347 Million From Share Sale

November 22, 2021
Source: whatsnew2day.com whatsnew2day.com
News Snapshot:
Bank & Insurance China Evergrande’s Electric Vehicle Company Raises $347 Million From Share Sale By Jacky On Nov 21, 2021 Last updated Nov 21, 2021 Share China Evergrande New Energy Vehicle Group Ltd. plans to raise approximately $347 million through an equity offering in an effort to bolster its financial position and fund electric vehicle production. The Hong Kong-listed company, also known as Evergrande Auto, is selling 900 million shares for three Hong Kong dollars each, equivalent to $0.39 per share. That represents a nearly 15% discount to the stock’s last traded price, the company said late Friday. . window._taboola...
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Tags: auto | bank | China | discount | electric vehicle | energy | Evergrande | finance | financial | fund | Hong Kong | insurance | KONG | new energy | production | share | shares | Three | vehicle

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