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China's BYD raises $5.6b in upsized share sale

China's BYD raises $5.6b in upsized share sale

FILE PHOTO: The company logo of China's automaker BYD is seen on a car outside its headquarters in China's southern city of Shenzhen February 23, 2010.REUTERS/Bobby Yip/File Photo

Chinese electric vehicle maker BYD has raised $5.59 billion in a primary share sale that was increased in size, according to a term sheet seen by Reuters on Tuesday, the largest of its kind in Hong Kong in four years.