-- Ev Dynamics (HKG:0476) agreed to allot and issue a little over 3.8 million shares to independent third party Ho Siu Kei at HK$0.512 apiece to raise net proceeds of HK$1.9 million, according to a Thursday Hong Kong bourse filing.
The shares represent 1.19% of the electric car solutions provider's enlarged issued share capital.
The firm will use proceeds to repay certain payables and replenish its general working capital.