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CHINA'S BYD LAUNCHES SHARE SALE TO RAISE UP TO $5.2 BILLION

  • NEWS Desk Global
  • Mar 3
  • 1 min read



Chinese electric vehicle maker BYD, has launched a sale of its Hong Kong shares to raise up to $5.2 billion via an accelerated book-building.

The company has set a price range of HK$333-HK$345 per share for the offering, representing an up to 8.4% discount compared to the stock's market closing price of HK$363.60 on Monday. The offering is expected to be priced on Monday.

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