ld put its entire European business model in jeopardy. Prime Minister Boris Johnson is keen to use Brexit as an opportunity to improve trade with the United States, to which 19 percent of exported cars are sent.
The company's share price reached 1,183.3 yuan on Thursday, pushing its market value to 1,486.49 billion yuan.
The company’s press release lays out a few details of what it’s looking for: metro areas with more than one million people; a “business-friendly” environment; a strong technical workforce; and “communities that think big and creatively when considering locations and real estate options.”
The company, trading under the ticker symbol of "XYF", announced its initial public offering of 11,000,000 American depositary shares (ADSs), each representing two Class A ordinary shares, at a price to the public of .5 per ADS for a total offering size of approximately 104.5 million dollars, assuming the underwriters do not exercise their option to purchase additional ADSs.
The company will further enhance global R&D for Hongqi, focusing on forward-looking design, new energy, new materials and processes, smart manufacturing, as well as artificial intelligence and 5G application, Xu said at the conference.
The company's net revenue increased by 44.6 percent to exceed 3.77 billion yuan (0.2 million) in Q2, according to its unaudited financial report released Tuesday.
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The company is in talks with Viridis Eolia, a Wyoming-based renewable energy company, for a wind project in Carbon County, where it hopes to recruit workers from the training program once they finish their training.
The company, which recently introduced Sunday delivery, said that it has converted more than 10,000 seasonal employees into?full-time staffers this year, and that it plans to do so again after the holidays. Those interested in applying for a temporary job can do so here.
The company will carry out a back-door listing via SJEC Corporation, an elevators and escalators maker that has been suspended from trading since June this year.
The company was set up to develop the Irkol and Semizbai uranium deposits.