Evergrande New Energy Vehicle Sells Shares At 93% Discount To May Price | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Evergrande New Energy Vehicle Sells Shares At 93% Discount To May Price

What a difference six months make for Evergrande’s cash-strapped electric vehicle unit.

With its parent all but shut out of the dollar bond market, China Evergrande New Energy Vehicle is tapping equity investors for fresh funds by selling 174.8 million new shares at HK$2.86 apiece. That’s 93% lower than the price of its additional offering in May.

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