The UAE "Al -Futtaim" joins as a large investor in the big "Byd" subscription

The Chinese “Byd” car business has announced that strategic investors, including the Emirati “Al -Futtaim family office, participated in buying shares as part of a $ 5.6 billion increase in the Hong Kong stock exchange. The company sold 129.8m shares at $ 335.20 Hong Kong for the share in offering the largest shares in Hong Kong for nearly four years. According to Bloomberg, the price is a 7.8% discount compared to the closing price of Monday in Hong Kong, and it is located at the minimum price range for the transaction. Al -Jadida. Besides “Al -Futtaim,” investors from long -term institutions and other strategic investors from the Middle East bought shares in the offer covered several times, amid a remarkable rise of investors. ‘Byd’ plans to expand this offer to a strong performance of the automotive industry, which sold more than 318 thousand electric passengers last month, which achieved an annual strike by 161%. Various sites around the world to overcome the customs tariffs manufactured on electric cars in China. The company plans to use the outcome of the proposal to expand its external enterprise, invest in research and development, improve working capital and spending on its general purposes, according to the previous terms of the agreement, seen by “Bloomberg”.