China's Geely raises $836 million from share sale

  • 📰 Reuters
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Geely Automobile Holdings Ltd said on Friday it raised HK$6.48 billion ($836 million) from a share placement as the Chinese automaker looks to replenish its coffers to finance growth in the world's largest auto market.

A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017. REUTERS/Aly Song

Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors Buy Ralph Lauren’s Timeless PitchRalph Lauren’s focus on e-commerce and direct-to-consumer sales blunted coronavirus impacts in China, cushioning share prices as the company braces for a worse quarter. heard Whew I was worried 🙄 Here are the Fed's ETF holdings as of May 19, ordered by aggregate market value.
Source: WSJ - 🏆 98. / 63 Read more »

Quarantunes Passes the $3M Milestone in Just Ten Weeks.beck, bryanadams, ElvisCostello, and many more artists have all participated in Quarantunes. beck bryanadams ElvisCostello Hey I'm the first😎 beck bryanadams ElvisCostello Stream lost by cher lloyd beck bryanadams ElvisCostello Yoooo I’m first
Source: billboard - 🏆 112. / 63 Read more »

Abercrombie & Fitch sales fall 34%, with stores forced shut during the coronavirus pandemic; shares fallAbercrombie & Fitch's sales tanked 34% during the first quarter, the company announced Thursday, as its stores were forced shut during the coronavirus pandemic. Retail is being hit with the largest losses in many companies history. It will be a challenge to battle through these times and turn the tide to ensure they get back to the position before the pandemic. COVID19 retail lockdown2020 ONLY the STRONGEST will SURVIVE 💪💪 😐😐
Source: CNBC - 🏆 12. / 72 Read more »

Domino’s And Papa John’s Shares Are Soaring Thanks To Booming Pizza SalesDomino’s and Papa John’s shares are soaring thanks to booming pizza sales by skleb1234 skleb1234 I’d be curious to see their triglycerides, LDL, HDL and total cholesterol from March to present. skleb1234 They are the accidental early adopters to cloud kitchens and will continue to play a critical role. Cloud kitchens will become one of the new ways of working. RomeArndDaWorld skleb1234 Goo SHAQ RomeArndDaWorld
Source: Forbes - 🏆 394. / 53 Read more »

京东全球版-专业的综合网上购物商城京东全球版-专业的综合网上购物商城,为您提供正品低价的购物选择、优质便捷的服务体验。商品来自全球数十万品牌商家,囊括家电、手机、计算机、服装、居家、母婴、美妆、个护、食品等丰富品类,满足各种购物需求。支持香港自提、京东集运和国际卡支付,现时已覆盖香港、澳门、台湾、新加坡、马来西亚、美国、加拿大、澳大利亚、新西兰和日本等海外200多个国家和地区。
Source: WSJ - 🏆 98. / 63 Read more »

CaptivateIQ, A Startup That Automates Commissions, Raises $13 Million From SequoiaThe company offers software that it says is easier to use than spreadsheets and cheaper than competitors' options.
Source: Forbes - 🏆 394. / 53 Read more »