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Month: September 2015

Great Wall Motors issues additional shares to fund new energy vehicles

September 3, 2015

By GWM Edenvale

On 10 July, Great Wall Motors issued a private placement plan to raise R34 billion for the research and development, testing and production of new energy vehicles and parts. The plan will see GWM issue 387.0076 million A-shares at R88.19 per share in order to obtain the funds. New energy vehicles are the future of …
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