VinFast Auto shares are trading lower. The company earlier entered into a standby equity agreement with YA LL PN for an aggregate subscription amount of up to $1 billion.
Portfolio Pulse from Benzinga Newsdesk
VinFast Auto has entered into a standby equity agreement with YA LL PN for an aggregate subscription amount of up to $1 billion. This news has led to a decrease in the company's share price.
October 20, 2023 | 5:52 pm
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VinFast Auto's shares are trading lower after the company entered into a $1 billion standby equity agreement with YA LL PN.
The standby equity agreement indicates that VinFast Auto may need to raise capital, which could dilute existing shareholders' equity. This could be the reason for the drop in the company's share price.
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