Apollo Future Mobility Group Limited (HK:0860) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Apollo Future Mobility Group Limited has successfully completed the issuance of convertible bonds, generating approximately HK$299.2 million in net proceeds. These funds are earmarked predominantly for the research and development of hypercars and electric vehicles. The conversion of these bonds could significantly alter the company’s shareholding structure, introducing a substantial number of new shares.
For further insights into HK:0860 stock, check out TipRanks’ Stock Analysis page.