Evergrande Raises $1.4 Billion Selling Shares in EV Unit_老虎社区_美港股上老虎

Evergrande Raises $1.4 Billion Selling Shares in EV Unit

Bloomberg2021-05-13

(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts...

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Evergrande NEV tumbled as the shares were sold at a 20% discount.</p><p>Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.</p><p>After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.</p><p>The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. 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Evergrande NEV tumbled as the shares were sold at a 20% discount.Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. 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Evergrande NEV tumbled as the shares were sold at a 20% discount.</p><p>Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.</p><p>After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.</p><p>The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.</p><p>Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.</p><p>The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.</p><p>Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.</p><p>The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande Raises $1.4 Billion Selling Shares in EV Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande Raises $1.4 Billion Selling Shares in EV Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 10:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163899473","content_text":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4309868,"gmtCreate":1620874810754,"gmtModify":1635496617042,"authorId":3578559022708914,"author":{"id":3578559022708914,"idStr":"3578559022708914","authorId":3578559022708914,"name":"Juvie","avatar":"https://static.tigerbbs.com/9174cf1baa02042e82114235e72d7246","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":191611754,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":191637706,"gmtCreate":1620874113205,"gmtModify":1634195677340,"author":{"id":"3582000234777011","authorId":"3582000234777011","name":"Jeffrey159","avatar":"https://static.tigerbbs.com/74fe3cdc7df1fc225205bf5f25310eb9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582000234777011","authorIdStr":"3582000234777011"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/191637706","repostId":1163899473,"repostType":4,"repost":{"id":"1163899473","kind":"news","pubTimestamp":1620871607,"share":"https://www.laohu8.com/m/news/1163899473?lang=&edition=full","pubTime":"2021-05-13 10:06","market":"us","language":"en","title":"Evergrande Raises $1.4 Billion Selling Shares in EV Unit","url":"https://stock-news.laohu8.com/highlight/detail?id=1163899473","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in ","content":"<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.</p><p>The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.</p><p>Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.</p><p>After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.</p><p>The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.</p><p>Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.</p><p>The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.</p><p>Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.</p><p>The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande Raises $1.4 Billion Selling Shares in EV Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande Raises $1.4 Billion Selling Shares in EV Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 10:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163899473","content_text":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4309738,"gmtCreate":1620874152148,"gmtModify":1635496629030,"authorId":3582714812293607,"author":{"id":3582714812293607,"idStr":"3582714812293607","authorId":3582714812293607,"name":"Darylzhuo","avatar":"https://static.tigerbbs.com/fd5e4be85ccfbeb4c1c4b4faed74f6f1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":191637706,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"}],"langContent":"EN"},{"id":191635426,"gmtCreate":1620873971065,"gmtModify":1634195678980,"author":{"id":"3566159832938847","authorId":"3566159832938847","name":"Winkingbear","avatar":"https://static.tigerbbs.com/fa59ca544b59fdba57ec5b04668be509","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3566159832938847","authorIdStr":"3566159832938847"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191635426","repostId":1163899473,"repostType":4,"repost":{"id":"1163899473","kind":"news","pubTimestamp":1620871607,"share":"https://www.laohu8.com/m/news/1163899473?lang=&edition=full","pubTime":"2021-05-13 10:06","market":"us","language":"en","title":"Evergrande Raises $1.4 Billion Selling Shares in EV Unit","url":"https://stock-news.laohu8.com/highlight/detail?id=1163899473","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in ","content":"<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.</p><p>The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.</p><p>Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.</p><p>After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.</p><p>The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.</p><p>Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.</p><p>The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.</p><p>Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.</p><p>The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande Raises $1.4 Billion Selling Shares in EV Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande Raises $1.4 Billion Selling Shares in EV Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 10:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163899473","content_text":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":191698855,"gmtCreate":1620873160877,"gmtModify":1634195689295,"author":{"id":"3582475319067106","authorId":"3582475319067106","name":"MarcusLiong","avatar":"https://static.tigerbbs.com/eeba4d6764b4f4171e912d25e2484fc8","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582475319067106","authorIdStr":"3582475319067106"},"htmlText":"Bbb","listText":"Bbb","text":"Bbb","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191698855","repostId":1163899473,"repostType":4,"repost":{"id":"1163899473","kind":"news","pubTimestamp":1620871607,"share":"https://www.laohu8.com/m/news/1163899473?lang=&edition=full","pubTime":"2021-05-13 10:06","market":"us","language":"en","title":"Evergrande Raises $1.4 Billion Selling Shares in EV Unit","url":"https://stock-news.laohu8.com/highlight/detail?id=1163899473","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in ","content":"<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.</p><p>The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.</p><p>Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.</p><p>After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.</p><p>The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.</p><p>Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.</p><p>The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.</p><p>Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.</p><p>The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande Raises $1.4 Billion Selling Shares in EV Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande Raises $1.4 Billion Selling Shares in EV Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 10:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163899473","content_text":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":191699463,"gmtCreate":1620873026252,"gmtModify":1634195691761,"author":{"id":"3575421087208890","authorId":"3575421087208890","name":"albert77","avatar":"https://static.tigerbbs.com/23ad8bf74e09800b779350089d72b84f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575421087208890","authorIdStr":"3575421087208890"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/191699463","repostId":1163899473,"repostType":4,"repost":{"id":"1163899473","kind":"news","pubTimestamp":1620871607,"share":"https://www.laohu8.com/m/news/1163899473?lang=&edition=full","pubTime":"2021-05-13 10:06","market":"us","language":"en","title":"Evergrande Raises $1.4 Billion Selling Shares in EV Unit","url":"https://stock-news.laohu8.com/highlight/detail?id=1163899473","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in ","content":"<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.</p><p>The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.</p><p>Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.</p><p>After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.</p><p>The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.</p><p>Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.</p><p>The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.</p><p>Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.</p><p>The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande Raises $1.4 Billion Selling Shares in EV Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande Raises $1.4 Billion Selling Shares in EV Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 10:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163899473","content_text":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4309533,"gmtCreate":1620873141145,"gmtModify":1635496645955,"authorId":3575927670533252,"author":{"id":3575927670533252,"idStr":"3575927670533252","authorId":3575927670533252,"name":"schsch","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":191699463,"type":1,"supId":0,"prevId":0,"content":"like and comment","text":"like and comment","html":"like and comment"}],"langContent":"EN"},{"id":191609586,"gmtCreate":1620872480245,"gmtModify":1634195700355,"author":{"id":"3578451349447391","authorId":"3578451349447391","name":"henghm","avatar":"https://static.tigerbbs.com/ca41bf4eae57d98d93422d97c7246c98","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578451349447391","authorIdStr":"3578451349447391"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/191609586","repostId":1163899473,"repostType":4,"repost":{"id":"1163899473","kind":"news","pubTimestamp":1620871607,"share":"https://www.laohu8.com/m/news/1163899473?lang=&edition=full","pubTime":"2021-05-13 10:06","market":"us","language":"en","title":"Evergrande Raises $1.4 Billion Selling Shares in EV Unit","url":"https://stock-news.laohu8.com/highlight/detail?id=1163899473","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in ","content":"<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.</p><p>The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.</p><p>Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.</p><p>After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.</p><p>The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.</p><p>Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.</p><p>The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.</p><p>Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.</p><p>The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande Raises $1.4 Billion Selling Shares in EV Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande Raises $1.4 Billion Selling Shares in EV Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 10:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163899473","content_text":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4309390,"gmtCreate":1620872517754,"gmtModify":1635496659336,"authorId":3564887540980880,"author":{"id":3564887540980880,"idStr":"3564887540980880","authorId":3564887540980880,"name":"Investorpw","avatar":"https://static.tigerbbs.com/d1dd948dbb16b3bc2aece70dc8351fa9","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":191609586,"type":1,"supId":0,"prevId":0,"content":"Left one comment.","text":"Left one comment.","html":"Left one comment."},{"id":4309460,"gmtCreate":1620872810582,"gmtModify":1635496652573,"authorId":3581813305174334,"author":{"id":3581813305174334,"idStr":"3581813305174334","authorId":3581813305174334,"name":"3257e803","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":191609586,"type":1,"supId":0,"prevId":0,"content":"<u>Sure</u>","text":"<u>Sure</u>","html":"<u>Sure</u>"}],"langContent":"EN"},{"id":191609206,"gmtCreate":1620872467705,"gmtModify":1634195700476,"author":{"id":"3580898776597625","authorId":"3580898776597625","name":"likaboss","avatar":"https://static.tigerbbs.com/027156c6b15571003ac371d19a653946","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3580898776597625","authorIdStr":"3580898776597625"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191609206","repostId":1163899473,"repostType":4,"repost":{"id":"1163899473","kind":"news","pubTimestamp":1620871607,"share":"https://www.laohu8.com/m/news/1163899473?lang=&edition=full","pubTime":"2021-05-13 10:06","market":"us","language":"en","title":"Evergrande Raises $1.4 Billion Selling Shares in EV Unit","url":"https://stock-news.laohu8.com/highlight/detail?id=1163899473","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in ","content":"<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.</p><p>The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.</p><p>Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.</p><p>After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.</p><p>The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.</p><p>Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.</p><p>The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.</p><p>Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.</p><p>The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande Raises $1.4 Billion Selling Shares in EV Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande Raises $1.4 Billion Selling Shares in EV Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 10:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163899473","content_text":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":191844833,"gmtCreate":1620871688622,"gmtModify":1634195710317,"author":{"id":"3527303552443900","authorId":"3527303552443900","name":"458fd99c","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3527303552443900","authorIdStr":"3527303552443900"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/191844833","repostId":1163899473,"repostType":4,"repost":{"id":"1163899473","kind":"news","pubTimestamp":1620871607,"share":"https://www.laohu8.com/m/news/1163899473?lang=&edition=full","pubTime":"2021-05-13 10:06","market":"us","language":"en","title":"Evergrande Raises $1.4 Billion Selling Shares in EV Unit","url":"https://stock-news.laohu8.com/highlight/detail?id=1163899473","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in ","content":"<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.</p><p>The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.</p><p>Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.</p><p>After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.</p><p>The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.</p><p>Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.</p><p>The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.</p><p>Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.</p><p>The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande Raises $1.4 Billion Selling Shares in EV Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande Raises $1.4 Billion Selling Shares in EV Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 10:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-raises-1-4-billion-003336982.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163899473","content_text":"(Bloomberg) -- China Evergrande Group raised about HK$10.6 billion ($1.4 billion) selling shares in its electric vehicle unit, boosting capital at the nation’s most indebted developer.The sale amounts to about 2.7% of outstanding shares in China Evergrande New Energy Vehicle Group Ltd., the real estate firm said in a filing to the Hong Kong stock exchange on Thursday. Evergrande NEV tumbled as the shares were sold at a 20% discount.Evergrande is trying to repair its balance sheet in line with Chinese regulators’ efforts to deleverage the property sector. The company was in breach of all key metrics for reducing debt levels -- known as the “three red lines” -- at the end of last year, even as many of its peers improved.After reporting its second straight year of declining profit in March, Evergrande unveiled plans to roughly halve the remainder of its borrowings over the next two years. To meet the goal, it needs to sustain share sales in its new businesses, analysts have said.The company is selling 260 million Evergrande NEV shares at HK$40.92 apiece, according to the filing. That compares with the HK$51.15 close on Wednesday. Evergrande plans to use the proceeds for general working capital, it said.Shares of Evergrande NEV dropped as much as 15% on Thursday morning in Hong Kong, and traded 6.6% lower at 9:54 a.m. Evergrande slipped 0.9%.The transaction will reduce the ratio of the top 20 shareholders of the EV company to below 90%, helping it participate in the next step of the Hong Kong Stock Connect, Evergrande said. That would allow Chinese onshore investors to purchase Evergrande NEV shares.Evergrande NEV shares have surged more than 600% in the past year as it increased its focus on electric vehicles, even though it has yet to start production. It’s conducted a few test drives and unveiled a range of show models but done little beyond that.The firm raised $3.4 billion in January, attracting friends and business associates of Evergrande chairman and billionaire Hui Ka Yan. It now has a market cap greater than Ford Motor Co.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4310059,"gmtCreate":1620875791382,"gmtModify":1635496600090,"authorId":3570600934519649,"author":{"id":3570600934519649,"idStr":"3570600934519649","authorId":3570600934519649,"name":"海迷","avatar":"https://static.tigerbbs.com/609031e90c1aa5bb2cee9d6755e18f06","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":191844833,"type":1,"supId":0,"prevId":0,"content":"<u>Yes</u>","text":"<u>Yes</u>","html":"<u>Yes</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":57,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}