BYD raises $5.59 billion in Hong Kong's largest share sale in years
BYD's share sale, the largest in the automotive sector globally in a decade, aims to fuel R&D and international expansion
Mainland Chinese electric vehicle (EV) manufacturer BYD has successfully raised $5.59 billion through a primary share sale in Hong Kong, marking the city's largest such sale in four years and the largest equity follow-on offering globally in the automotive sector in the past decade.
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