BYD refinance nearly HK $ 30 billion to increase the layout of the new energy automotive business

Tramhui News: On January 21, BYD released the announcement to place 13.3 billion new H shares, the total amount of distribution funds is expected to approximately HK $ 29.925 billion. The net distribution funds is proposed to be used as a group supplementary operational funds, repaying interest in debt, research and development, etc., the company will increase the layout of new energy vehicles. As of the closing, BYD H has risen 1.80%, reported at HK $ 248.40, A share of 6.09%, and reported 235.52 yuan. According to BYD released the latest announcement, the company and the Placing Agency established a Placing agreement on January 21 to agree to the provisions listed in the Placing Agreement, the company agreed under the regulations listed in the Placing Agreement. Release the Placing Shares on a priced price. The company will issue 133 million new H shares of RMB 1.33 billion in the registered capital of RMB 1.00 yuan in the registered capital of RMB 1.3 million in the registered capital. The total face value of the Placing Shares of the Placing is RMB 133 million. According to the announcement, the sales of new H shares for the sale of HD $ 225 per share. Assuming the full distribution of the Placing Shares, the total amount of the placed funds is expected to be approximately HK $ 29.925 billion, after deducting commissions and estimated fees, the net amount of the Placing income is expected to be approximately HK $ 29.84 billion. After the placement is completed, the net raised by H shares (deducting commissions and estimated costs) is approximately HK $ 224.1. For the purpose of the distribution, BYD means that it is proposed to be used as a group supplementary operational funds, repaying interest in liability, R & D investment, and general enterprise use. The company will seize the development opportunities of the industry and increase the layout of new energy vehicles. Specifically, the company will realize the acceleration replacement of new energy vehicles through technological innovation, and achieve the leap of traditional vehicles to smart vehicles through the hardware and software layout in the field of automobile intelligence. With the research and development accumulation, process advantages and groundbreaking blade battery technology, continuously increase the capacity layout of the power battery to promote the output of global automotive manufacturers. Editor in charge: XJ, read full text

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