Following the divestment, Berkshire's interest in BYD has dropped to 10.9 per cent from 11.13 per cent, and compared with 19.92 per cent when the Omaha, Nebraska-based investment firm began trimming its exposure last year.12 Apr 2023
EV maker Farizon, a unit of Chinese auto giant Geely (OTCPK:GELYY) (OTCPK:GELYF), is reportedly eyeing a US initial public offering before the end of the year.
Farizon may also seek to raise $300M ahead of a possible IPO. Geely is said to be looking for a valuation of around $4.5B for the raise. Farizon was reportedly valued at around $3B last year during a previous funding round, according to Bloomberg.
Geely declined to comment on the matter, Bloomberg added.
Farizon has been focused on developing "new energy" light commercial vehicles. The brand's offerings include a methanol-powered heavy truck and an EV commercial van.
If Farizon files, it would be the second Geely unit to do so within the last six months. In December, Geely's EV car unit Zeeker filed reportedly filed for a $1B US IPO.
Geely has also been highly active on the SPAC front. Its EV unit Polestar (PSNY) went public last June through a SPAC deal that valued the combined company at around $20B. And in January, luxury EV maker Lotus, in which Geely holds a major stake, agreed to merge with SPAC L Catterton Asia (LCAA) at an enterprise valuation of $5.4B.
In December, EV technology developer ECARX, which is backed by Geely Chairman Eric Li, went public through a deal that pegged the pre-money equity value at $3.4B.
PMx said RM32 B investment in AHTV. Geely is investing 30B...makes no sense....Geely actually wanted the land?..1000 acres.....?? And how will DRB match Geely's investment as Partner?
WASHINGTON (Reuters) - The Biden administration unveiled a sweeping plan to slash greenhouse gas emissions from the nation's power industry on Thursday, one of the biggest steps so far in its effort to decarbonize the American economy to fight climate change.
The proposal would limit how much carbon dioxide power plants, which are the source of more than a quarter of U.S. emissions, can chuff into the atmosphere, putting the industry on a years-long course to install billions of dollars of new equipment or shut down.
Sometimes we need to be careful because it is the right of many owners. If we lift it wrongly, its four legs will break. In order to balance his body, he needs to be lifted with a finger and pointed to a large number of people placed on a piece of paper.
Standing on a chair with dignity and power because the colony has already conquered his dream of traveling the oceans of the continent for just a moment.
China’s lead in electric vehicles is unassailable – the Global North simply can’t compete China has the supply chains, better tech and cheaper costs that keep on falling Trade barriers would only force the world into two prices for one product – where the cheaper one is also likely to be better.
U.S. stocks are seen opening in a muted fashion Thursday, with disappointing results from entertainment giant Disney puncturing lingering optimism generated by the previous session’s inflation data.
A new batch of economic data offers an additional view of the U.S. inflation picture. Meanwhile, Disney's flagship streaming service is hit by an exodus of subscribers and U.S. Treasury Secretary Janet Yellen issues another warning about the debt ceiling standoff.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 599 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 13295 views | 12 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
UlarSawa
35,552 posts
Posted by UlarSawa > 2023-05-11 15:29 |
Post removed.Why?