Xpengbacked Breton, a maker of EV dump trucks, plans US$30 million Hong Kong IPO

News Source : The Star Online
News Summary
- Shanghai-based company aims to sell 13 million shares at HK$18 each
- The stock is expected to start trading on May 7
- Breton was ranked first in shipments of battery-electric widebody dump trucks
- The company plans to use the IPO proceeds to invest in technology, develop new products and services
Breton Technology, backed by Chinese electric vehicle maker Xpeng, plans to raise HK$234 million (US$30 million) from its Hong Kong initial public offering (IPO) amid tariff tensions that could affec [+2771 chars]