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BRIEF-BYD Announces Placing Of New H Shares Under General Mandate

Reuters
03-04
BRIEF-BYD Announces Placing Of New H Shares Under General Mandate

March 4 (Reuters) - BYD CO 1211.HK:

  • PLACING OF NEW H SHARES UNDER GENERAL MANDATE

  • AGGREGATE GROSS PROCEEDS FROM PLACING ARE EXPECTED TO BE APPROXIMATELY HK$43,509 MILLION

  • AGGREGATE NET PROCEEDS FROM PLACING ARE EXPECTED TO BE APPROXIMATELY HK$43,383 MILLION

  • PLACING PRICE OF HK$335.2 PER PLACING SHARE

  • NET PROCEEDS FROM PLACING TO BE USED TO INVEST IN RESEARCH AND DEVELOPMENT, EXPAND OVERSEAS BUSINESSES, OTHERS

Further company coverage: 1211.HK

((Reuters.Briefs@thomsonreuters.com;))

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