China's Geely Automobile launches share placement of up to $859m

China's Geely Automobile launches share placement of up to $859m

A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017. REUTERS/Aly Song/Files

China’s Geely Automobile Holdings Ltd has launched an $836 million-$859 million placement of 600 million new shares, according to a term sheet seen by Reuters.

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