BYD To Raise $219M In IPO

Chinese car makerBYDis seeking to raise around $219 million in a Shenzhen IPO,The Wall Street Journal报告。何氏ng-Kong listed company is offering up to 79 million shares at a price of $2.77 per unit.

The proceeds will be used for investment in a lithium battery production project, establishment of a research and manufacturing center and for the expansion of its auto unit projects. The share sale is being managed byUBS.

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