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00708 EVERG VEHICLE
RTNominal unchange0.207 0.000 (0.000%)
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10/11/2021 11:12

Evergrande Vehicle (00708) to raise HK$500.01 million

[ET Net News Agency, 10 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 174,830,000 placing shares at HK$2.86 per share through top-up
placing
The gross proceeds and net proceeds are expected to be approximately HK$500.01 million
and approximately HK$489.51 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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