Home
/ China News / News detail
BYD plans to raise $335.20 M from IPO in Shenzhen market
Shanghai. March 7 (Gasgoo.com) – The board of directors of BYD, a Hong Kong listed Chinese battery and automaker announced yesterday to launch IPO in Shenzhen stock market.
The IPO plan is subject to approval by a special session of stake-holders conference before it is submitted to Chinese authorities.
In January this year, the Shenzhen-base BYD announced to issue 58.50 million shares in its initial public offering in China’s A share market. Yesterday, BYD closed at $41.2 HK dollars in Hong Kong market. That means the company will raise approximately RMB 2.4 billion or $335.2 in U.S. dollars from the IPO.
BYD said the company will use A share market as new vehicle to raise capital for business expansions.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com
