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RTNominal unchange3.200 0.000 (0.000%)

22/11/2021 09:17

Evergrande Vehicle (00708) to raise HK$2,700 million

[ET Net News Agency, 22 November 2021] China Evergrande New Energy Vehicle Group
Limited (00708) said it has entered into the placing and subscription agreement with the
placing agent to place 900,000,000 placing shares at HK$3 per share through top-up
The gross proceeds arising from the placing are expected to be approximately HK$2,700
million. The company intends to dedicate the proceeds on the research and development and
production of the group's new energy vehicles, paving the groundwork for putting Hengchi
new energy vehicles into production. (RC)

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