Share the QR code < / P > < p > with wechat scanning code to friends and circles of friends < / P > < p > financial Associated Press, November 1 (Xinhua) -- BYD announced on the Hong Kong stock exchange that the company and the placement agent entered into a placement agreement on October 29, 2021 (after market closing time), and the company will issue 50000000 new H shares with a par value of RMB 1.00 per share in the registered capital of the company. The allotment price per allotment share is HK $276.0. Assuming that the placing shares are fully placed, the total proceeds from the placing are expected to be about HK $13.8 billion. After deducting commissions and estimated expenses, the net proceeds from the placing are expected to be about HK $13.744 billion. The net proceeds from the placement are intended to be used to supplement working capital, repay interest bearing debt, R & D investment and general corporate purposes