China Evergrande Group’s electric-vehicle unit fell after selling HK$2.7 billion ($347 million) of stock at a discount to bolster its finances as it seeks to put delayed vehicles into production.
China Evergrande New Energy Vehicle Group Ltd. sold 900 million shares at HK$3 each, 15% below Friday’s closing price in Hong Kong, according to a statement from the Guangzhou-based company. The stock, representing 9% of the firm, was sold to at least six investors, the company said. The shares fell to as low as HK$3.42 in early trading on Monday after the sale, which adds to the $64 million it raised on Nov. 10.
"share" - Google News
November 22, 2021 at 09:31AM
https://ift.tt/3x8jHuG
Evergrande EV Unit Falls After $347 Million Share Sale - Bloomberg
"share" - Google News
https://ift.tt/2VXQsKd
https://ift.tt/3d2Wjnc
Bagikan Berita Ini
0 Response to "Evergrande EV Unit Falls After $347 Million Share Sale - Bloomberg"
Post a Comment