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China's BYD to launch sale of Hong Kong shares to raise up to $5.2b

China's BYD to launch sale of Hong Kong shares to raise up to $5.2b

FILE PHOTO: The BYD logo is displayed at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo

Chinese electric vehicle maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 billion via an accelerated book-building, according to a deal term sheet seen by Reuters on Monday.