Bank & Insurance China Evergrande’s Electric Vehicle Company Raises $347 Million From Share Sale By Jacky On Nov 21, 2021 Last updated Nov 21, 2021 Share China Evergrande New Energy Vehicle Group Ltd. plans to raise approximately $347 million through an equity offering in an effort to bolster its financial position and fund electric vehicle production. The Hong Kong-listed company, also known as Evergrande Auto, is selling 900 million shares for three Hong Kong dollars each, equivalent to $0.39 per share. That represents a nearly 15% discount to the stock’s last traded price, the company said late Friday. . window._taboola...