Geely Auto bags $836m in first equity issue for over a decade

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By Jonathan Breen
29 May 2020

Geely Automobile Holdings has tapped the equity market for the first time for 11 years, raising HK$6.48bn ($836m) from an overnight share sale.

The Hong Kong-listed Chinese automobile manufacturer hit the equity market on Thursday to bolster its capital position, fund business development and to broaden its shareholder base.

The company lined up Bank of America, Goldman Sachs, HSBC, Morgan Stanley and UBS to lead the transaction.

The syndicate began an ...

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