Reported about 7 hours ago
Chinese electric vehicle manufacturer Seres Group has successfully raised HK$14.3 billion ($1.8 billion) through its Hong Kong listing, pricing shares at the upper limit and increasing the deal size. The company sold approximately 108.6 million shares at HK$131.50 each, marking a significant step for Seres as it embarks on its trading journey in Hong Kong on Wednesday. With a partnership with Huawei boosting profits, Seres is predicted to see a 72% profit increase this year.
Source: YAHOO