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

Image for article 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]

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