BYD’s e5 EVs seen in Santiago, Chile this month. The company’s net gains from the share placement will amount to about HK$29.8 billion. Photo: Xinhua BYD’s e5 EVs seen in Santiago, Chile this month. The company’s net gains from the share placement will amount to about HK$29.8 billion. Photo: Xinhua
BYD’s e5 EVs seen in Santiago, Chile this month. The company’s net gains from the share placement will amount to about HK$29.8 billion. Photo: Xinhua
Electric cars

Chinese EV giant BYD seeks US$3.9 billion from Hong Kong stock placement

  • Company plans to place 133 million new shares at HK$225, or a 7.8 per cent discount on the closing price on Wednesday of its current stock
  • It will use the cash to replenish its working capital, repay interest bearing debt and invest in R&D

Topic |   Electric cars
BYD’s e5 EVs seen in Santiago, Chile this month. The company’s net gains from the share placement will amount to about HK$29.8 billion. Photo: Xinhua BYD’s e5 EVs seen in Santiago, Chile this month. The company’s net gains from the share placement will amount to about HK$29.8 billion. Photo: Xinhua
BYD’s e5 EVs seen in Santiago, Chile this month. The company’s net gains from the share placement will amount to about HK$29.8 billion. Photo: Xinhua
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