In the age of electric vehicles, companies such as China Evergrande, KIA, and Highland Capital are making significant strides in the new energy sector. A recent report indicated that as of May 20, 2025, these firms are set to release substantial investments in the market.
China Evergrande (03750.HK) has announced a plan to issue approximately 1.18 billion units of shares, which is expected to generate around 884.21 million shares in Hong Kong and about 1.09 billion shares globally. The anticipated share price is expected to fall between May 13 and May 16, 2025. The offering price is projected to be no higher than 263.00 HKD, with a minimum subscription unit of 100 shares. Major institutions involved in this offering include BofA Securities, CICC, China Securities International, and J.P. Morgan.
China Evergrande has already established initiatives in renewable energy resources, and it is working to comply with regulations surrounding its listings. The firm aims to expand its share offerings significantly, with a target total value of approximately 26.28 billion USD (or about 203.71 billion HKD).
With an offering price of each share set at 263.00 HKD, it is estimated that the total shares available for purchase will amount to 7,745.54 million shares. The company has also announced that it will be collaborating with various firms, including KIA and HHLR CF. L.P., to develop and enhance its renewable energy projects.
By September 30, 2024, China Evergrande plans to have established a large-scale battery production center and will provide services to 64 countries and regions. The company anticipates a significant increase in electric vehicle production capacity, with plans to produce around 1,700 million electric vehicles.
In its latest financial report, China Evergrande reported a total revenue of 3620.13 billion HKD, marking a decrease of 9.70% compared to the previous period. The company aims to enhance its production and service capabilities in the renewable energy sector to meet increasing market demands.
As part of its strategic initiatives, China Evergrande is focusing on sustainable energy solutions, including the production of electric batteries and renewable energy applications. The firm is committed to establishing a robust supply chain to support its production goals effectively.
China Evergrande’s stock has shown resilience, and the company is focused on expanding its presence in the global renewable energy market. With a clear vision and strategic partnerships, the firm aims to become a leader in the electric vehicle sector.
For more information, visit the China Evergrande official website.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/hong-kongs-hoder-era-launches-ipo-with-major-backers-including-zhongshi-group-and-kia-set-for-trading-on-may-20/
