Evergrande Automobile Placement 177 million shares raised HK $4 billion and the allotners involved Ma Huateng, Jack Ma and so on.

Published: Sep 15, 2020 10:29 (GMT+8)

Source: Viewpoint real estate network

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[Evergrande Automobile Placement 177 million shares HK $4 billion allotted by Ma Huateng, Jack Ma, etc.] on September 15, China Evergrande New Energy Automobile Group Co., Ltd. announced that it had announced the arrangement of issuing shares in an old-to-new way to introduce a number of investors. Evergrande plans to issue 177 million placing shares at a placing price of HK $22.65 per share, accounting for about 2.04 per cent of Evergrande's total issued shares or about 2.00 per cent of the total issued shares after expansion.

SMM: September 15, China Evergrande New Energy Automobile Group Co., Ltd. announced that it announced the old-to-new share issuance arrangement to introduce a number of investors.

Point of view real estate new media understand that Evergrande plans to issue 177 million placing shares at the placing price of HK $22.65 per share, accounting for about 2.04% of Evergrande's total issued shares or about 2.00% of the total issued shares after expansion.

Evergrande expects the total proceeds from the rights issue to be about HK $3.999 billion.

According to the announcement, Evergrande's allotment includes Tencent Holdings Co., Ltd., Sequoia Capital, Yunfeng Fund and DiDi. Among them, Yunfeng Fund is a private equity fund founded by Jack Ma.

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