Asia
China Yongda Automobiles Completes HK$60.4 Million Share Subscription; Shares Plummet 6%
China Yongda Automobiles Services (HKG:3669) completed a HK$60.4 million share subscription on July 24, issuing 73.2 million new shares to Hongxin International Shipping at HK$0.825 per share.Net proceeds will be used to support the company's initial deployment of embodied intelligence commercial applications, according to a Friday Hong Kong bourse filing.Shares of the vehicle distributor fell nearly 6% in recent trade.
HKG:3669
