GUANGZHOU -- Geely Automobile Holdings will raise up to 6.4 billion Hong Kong dollars ($825 million) through a sale of new shares, the Chinese company said Friday, aiming to shore up finances as car sales languish.
Automobiles
China's Geely Auto to raise $825m from equity issue
Pandemic leaves country's carmakers facing tepid sales for third year
Geely Automobile's sales dipped 34% on the year for the first four months of 2020. © Reuters
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