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Chinsed Eristerice Soundede Sounde Sounde Soundid Byd said Tuesday it raises $ 5.6bn of Hong Kong’s largest sales sector in a global automotive sector.
Warren Buffett company sold 129.8mn parts of HK $ 335.20 each file in stock to 118mn, according to stock closing details to 118mn, according to details to close Monday seen during finance.
The listed part of Hong Kong dropped almost 7 per cent on Tuesday, but they were before 30 percent to this day.
The offer shown Tesla’s main opposite Growing hunger for funding to fuel expanding overseas and wasting companies listed in Mainland in Hong Kong.
“Byd has a lot of free cash flow and net cash in China, but many runs (Renminbi) outside China,” Citi letter to a short research. “(It) is useless to approval during the first time expenditure to capital statle expenditment abroad.”
Partial placement can strengthen “ability to develop additional technology capabilities and facilitations overseas”, says the company filing.
The Shenzhen-based by BYD made an aggressive push of large markets around the world, with plans to build local production lines in Hungary, Turkil and Brazil.
The foreign investments in China prompts some homegrown companies with international ambitions to seek H-Share issues. The world’s largest battery maker catl in China and the largest exporter of Chinese car Exporter chery is both filed for the list of Hong Kong last month.
Selling Bidding is the biggest in Hong Kong since the carrying food to food Meituan Raised at $ 10bn In 2021. Goldman Sachs, UBS and Citic are the general coordinator of the agreement.
The transaction attracts funds too long, accumulated funds of Alab Emirates al-Futtaim as a strategic investor, with many times, the group said. The al-futtaim group distributes cars in UAE and Saudi Arabia.
European funds and Middle East east involved in agreement, according to a person who is familiar with the transaction. Eastern East investors play a more important role in the rapidly growing car sector in China. In late 2023, New York listed cher nio Secured $ 2.2bn from cyvnA group of investment in Abu Dhabi, after a $ 1bn injection from the same investor earlier that year. At the same time, Pony.ai, was a self-driving Chinese self listed in Nasdaq, scored $ 100mg from Saudi Arabia’s Neom.
In China, the car cection cars for a third of all new news sold, including pure battery cars and plug-in hybrids. In the last year, the company sold 433,000 vehicles in overseas markets, the account of more than 10 percent of its total marketing volume.