© Reuters. FILE PHOTO: A view of the electrical car (EV) manufacturing facility of China Evergrande New Energy Vehicle Group in Tianjin, China October 20, 2021. REUTERS/Yilei Sun
HONG KONG (Reuters) – Shares of China Evergrande New Energy Vehicle Group Ltd are set to open up 4.8% to HK$3.7, after the corporate raised round $347 million in a share placement.
The EV unit of embattled property developer China Evergrande’s issued about 900 million shares at HK$3 apiece via a top-up placement to controlling shareholder Evergrande Health Industry Holdings Ltd.
(Reportong by Clare Jim; Editing by Tom Hogue)
Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm because of this of reliance on the data together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it’s one of the riskiest funding types doable.