25
Jan
16:58
Evergrande NEV Group’s shares surge 67% on capital raise
Hong Kong-listed China Evergrande New Energy Vehicle Group saw its shares prices surge 67% on Monday following a capital injection announcement on Sunday, Kallanish reports.
The subsidiary of China’s second-largest property developer, Evergrande, said in note filed to the Hong Kong Stock Exchange that it has secured HKD 26 billion ($3.35 billion) from six investors. It’s issuing 952.38 million new shares at a price of HKD 27.30 each, representing an 8…
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Anonymous
Very good overview of the weekly steel market.
Anonymous