China’s EV Giant BYD Looks to Raise $5.2 Billion in Share Sale ...Middle East

China’s electric vehicle (EV) manufacturer BYD plans to raise $5.2 billion in a new share sale that would be the biggest such offering in Hong Kong in four years, Bloomberg News reported on Monday, citing the terms of the placement. The share sale will also be BYD’s largest raising of funds since the company was listed on the Hong Kong Stock Exchange in 2002, South China Morning Post reports. BYD aims to use the proceeds from the latest share placement to help its overseas expansion and boost research and development efforts. The Chinese…

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