China Evergrande New Energy Vehicle Group Limited (SEHK:708) announced a private placement of 260,000,000 shares at a price of HKD 40.92 per share for gross proceeds of HKD 10,639,200,000? on May 13, 2021. The completion of the transaction, subject to the usual closing conditions, is expected on the fifth trading day after the date of conclusion of the contract.