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Chinese Carmaker BYD Raises $1.78 Billion in Share Placement

Bloomberg2021-11-01

Chinese car and battery maker BYD Co. raised about $1.78 billion in a share placement, a term sheet showed.

The Shenzhen-based company sold 50 million H-shares at HK$276 ($35.50) each, a 6.9% discount to its closing price on Friday, according to terms of the deal obtained by Bloomberg News Saturday. Bloomberg previously reported the pricing to be between HK$273.5 and HK$279.5.

The carmaker backed by Warren Buffett is the top gainer in the Hang Seng Index this month, rising 22%. It reported a 28% decline in net income for the September quarter from a year ago as the global chip shortage undermined its ability to meet surging demand for clean cars.

Proceeds will be used to supplement working capital, repay debt, and for research and development, according to the term sheet.

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评论15

  • BNBC
    ·2021-11-01
    👍👍
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  • LuckyLucky
    ·2021-11-01
    Like
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  • Pinkypink
    ·2021-11-01
    👍
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  • Ysheng
    ·2021-11-01
    More for BYD!
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  • IZLIN
    ·2021-11-01
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  • gnossor
    ·2021-11-01
    👍🏽👍🏽
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  • hotwheels
    ·2021-11-01
    Buffett has great foresight. This is one of the many companies he has invested. 
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    • Ysheng
      Buy
      2021-11-01
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    • SilverSoul
      Need money to cover their loss in profits.
      2021-11-01
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  • stonksberry
    ·2021-11-01
    lol
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  • Cmtan
    ·2021-11-01
    Like
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    • Miguho
      Liked
      2021-11-01
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  • ivy888
    ·2021-11-01
    Like 
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  • jayfalcon
    ·2021-11-01
    Like pls 🙏 thanks
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    查看更多 1 条评论
  • szueyann
    ·2021-11-01
    Like pls
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    • Jackosen
      ok
      2021-11-01
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  • WDnemo
    ·2021-11-01
    Why not issue rights? Placement doesn't help common shareholders
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    • 滚股怪
      Ya lot
      2021-11-01
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    • Shungou
      They just want fund regardless from where.
      2021-11-01
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  • Timevestor
    ·2021-11-01
    Please like and comment. 
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  • Bodoh
    ·2021-11-01
    Wow
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    • 滚股怪
      Gd
      2021-11-01
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    • 海迷
      yeet
      2021-11-01
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