An update from BYD Co ( (HK:1211) ) is now available.
BYD Company Limited announced the placement of new H shares under a general mandate, with an expected gross proceeds of approximately HK$43,509 million. The net proceeds will be used for research and development, overseas business expansion, and general corporate purposes. The placement represents a significant portion of the company’s existing shares and aims to strengthen its market position and operational capabilities.
More about BYD Co
BYD Company Limited is a joint stock company incorporated in the People’s Republic of China. It operates in the automotive and electronics industries, focusing on the production of electric vehicles and rechargeable batteries. The company is listed on the Hong Kong Stock Exchange and is known for its innovation in green technology and sustainable energy solutions.
YTD Price Performance: 43.91%
Average Trading Volume: 93,122
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $141.1B
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