On the evening of November 19, EVERG VEHICLE issued an announcement on the Hong Kong Stock Exchange that the company has entered into the Placing and Subscription Agreement with the Placing Agent to place 900,000,000 Placing Shares at HK$3.00 per Share through top-up placing. The gross proceeds arising from the Placing are expected to be approximately HK$2,700 million. The Company intends to dedicate the proceeds to the research and development and production of the Group’s new energy vehicles, paving the groundwork for putting Hengchi new energy vehicles into production.
This is the second share placement of Evergrande within one month. On November 9, EVERG VEHICLE sold 175 million shares at a price of HK$2.86 per share, raising approximately HK$500 million. The placement price was HK$3.57, a 19.89% discount to the secondary market share price. The use of the proceeds was exactly the same as the share placement on November 19.
Submitted November 22, 2021 at 02:05AM by Stock_Interaction_55 https://ift.tt/3CRBQ1j
