Reported about 11 hours ago
BYD Co., the electric vehicle manufacturer, is aiming to generate as much as HK$40.7 billion (approximately $5.2 billion) in a new share placement. The company will offer 118 million shares priced between HK$333 and HK$345 each, reflecting a discount of up to 8.4% compared to its recent closing price. The funds raised will be utilized for research and development, expanding international operations, and enhancing working capital.
Source: YAHOO