17
Apr
02:59
Neta secures CNY 5 billion funding for IPO
Hozon Auto, the owner of Chinese electric vehicle company Neta Auto, says it has secured at least CNY 5 billion ($691 million) in investment to accelerate Neta Auto’s initial public offering (IPO).
The funds will also support its research and development input expansions, Kallanish understands. The R&D expansion will include the establishment of a larger intelligent vehicle network R&D centre.
The investment will come from Tongxiang Stat…
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Very good overview of the weekly steel market.
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