GPs join $516m investment in Evergrande's EV unit
Evergrande New Energy Vehicle (NEV), a subsidiary of Chinese real estate developer Evergrande Group, has raised HK$4 billion ($516 million) from investors including Tencent Holdings, Sequoia Capital China, Yunfeng Capital, and Didi Chuxing.
The Hong Kong-listed company sold 1.73 billion shares for HK$22.65 apiece, which represents a 19.9% discount to the September 14 closing price, according to a filing. The new share subscription equates...
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