Reported about 14 hours ago
Chinese electric vehicle manufacturer BYD has launched a share sale in Hong Kong aiming to raise up to $5.2 billion through accelerated book-building, with shares priced between HK$333 and HK$345, reflecting a discount compared to market price. The funds will support research and development, expansion, and general purposes. The move comes amid increased activity in new share offerings in Hong Kong, indicating optimism for a rebound in China's economy.
Source: YAHOO