An announcement from BYD Co ( (HK:1211) ) is now available.
BYD Company Limited announced the completion of a significant placement of 129,800,000 new H Shares, increasing its total issued shares and registered capital. This move, approved by the company’s board, reflects a strategic adjustment in its equity structure, enhancing its market positioning and potentially impacting stakeholder interests by increasing the proportion of overseas-listed foreign shares.
More about BYD Co
BYD Company Limited is a joint stock company incorporated in the People’s Republic of China, primarily operating in the automotive and electronics industries. It is known for manufacturing electric vehicles, rechargeable batteries, and other related products, with a market focus on sustainable energy solutions.
YTD Price Performance: 50.36%
Average Trading Volume: 107,557
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $153.5B
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