HK-listed EV maker China Dynamics rises most in 4-1/2 months on NASDAQ listing plan

Ev Dynamics Holdings

24/05/2021 07:30

** Shares of electric vehicles (EV) manufacturer China
Dynamics (Holdings) Ltd  0476.HK  surge as much as 15.9% to
HK$0.16, their highest since March 24
    ** Stock on track for a second session of gains and its best
day since Jan. 4; among the 30 most actively traded by turnover
    ** Co says it's considering a possible secondary listing on
NASDAQ but terms of the proposed listing, including offering
size and price range, have not yet been finalised  urn:newsml:reuters.com:*:nFWN2N817O
    ** Says the first logs of EVs have been delivered to its
overseas customers and co is accelerating its pace of overseas
market expansion with further sizable orders expected in near
future
    ** Says additional working capital will be required for the
development of its EV business and for general working capital
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 0.8%, and the Hang Seng Tech Index  .HSTECH  falls 2.4%
    ** The Hang Seng China enterprises index  .HSCE  slides
0.8%, and the benchmark index  .HSI  eases 0.4%
    ** As of last close, the stock had risen 18% this year 

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)