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BYD COMPANY's Placement Attracts Al-Futtaim Family Office in UAE as Strategic Investor
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BYD COMPANY (01211.HK) placed nearly 130 million new H-shares after the market closed yesterday (3rd) at a placing price of $335.2 per share, raising US$5.6 billion. This is expected to be the largest equity refinancing project in the global automotive industry over the past decade as well as the largest lightning placement in the history of the global automotive industry. With multiple times of oversubscription, this placement has introduced the Al-Futtaim family office in the UAE as a strategic investor. In the future, BYD COMPANY aims to strengthen collaboration in areas such as new energy vehicles with the Al-Futtaim Group based on regional cooperation and existing partnerships. AAStocks Financial News |
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