Chinese Carmaker BYD Seeks Up to $1.8 Billion in Share Placement
- Shenzhen-based company looks to sell 50 million H-shares
- Price range represents an up to 7.8% discount to last close
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Chinese car and battery maker BYD Co. is seeking to raise up to $1.8 billion in a share placement, according to terms obtained by Bloomberg.
The Shenzhen-based company is looking to sell 50 million H-shares at HK$273.5 to HK$279.5 each, which represents an up to 7.8% discount to its Friday closing price.