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FINWIRES

Ev Dynamics Eyes HK$1.9 Million from Share Sale

-- Ev Dynamics (HKG:0476) agreed to allot and issue a little over 3.8 million shares to independent third party Ho Siu Kei at HK$0.512 apiece to raise net proceeds of HK$1.9 million, according to a Thursday Hong Kong bourse filing.

The shares represent 1.19% of the electric car solutions provider's enlarged issued share capital.

The firm will use proceeds to repay certain payables and replenish its general working capital.

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