In the largest financing scale in Hong Kong stocks in nearly four years, BYD raised HKD 43.5 billion through a placement
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BYD COMPANY announced on the Hong Kong Stock Exchange that it plans to raise approximately HKD 43.5 billion through a placement agreement, with a net amount expected to be HKD 43.383 billion. The funds will be used for research and development, overseas business development, replenishing working capital, and general corporate purposes. The placement shares will account for approximately 11.82% of the existing issued H shares and about 4.46% of the total shares
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