Previous Close | 50.39 |
Open | 50.20 |
Bid | 50.40 x N/A |
Ask | 50.41 x N/A |
Day's Range | 49.68 - 50.50 |
52 Week Range | 49.68 - 99.90 |
Volume | |
Avg. Volume | 24,876,097 |
Market Cap | 74.475B |
Beta (5Y Monthly) | 0.87 |
PE Ratio (TTM) | 5.06 |
EPS (TTM) | 9.97 |
Earnings Date | Oct 26, 2023 |
Forward Dividend & Yield | 3.00 (5.95%) |
Ex-Dividend Date | Jun 30, 2023 |
1y Target Est | 73.89 |
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EV brand Smart said on Thursday it planned to raise $250-300 million via series-A funding which it hoped would enhance its long-term sustainable development strategy and accelerate its global development. Chinese lithium producer Tianqi Lithium Corp has agreed to invest $150 million in the fund raising, Smart said in a statement. Smart, a joint venture of Germany's Mercedes-Benz Group AG and China's Zhejiang Geely Holding Group, said both firms will remain equal controlling shareholders.
Chinese companies are showing renewed interest in Australian acquisition targets including natural resources and agricultural assets, as hopes swirl that a diplomatic thaw between the two countries will yield more deals next year, bankers and lawyers said. In recent weeks, some banks have received mandates from Chinese companies looking at Australian assets, while other dealmakers say they are getting inbound inquiries from cashed-up potential buyers in the world's second-largest economy. The signs are still tentative, however, and Australia's foreign investment framework would likely shut Chinese buyers out of sectors such as telecoms, defence and critical minerals that are considered sensitive to national security.
Chinese companies are showing renewed interest in Australian acquisition targets including natural resources and agricultural assets, as hopes swirl that a diplomatic thaw between the two countries will yield more deals next year, bankers and lawyers said. In recent weeks, some banks have received mandates from Chinese companies looking at Australian assets, while other dealmakers say they are getting inbound inquiries from cashed-up potential buyers in the world's second-largest economy. The signs are still tentative, however, and Australia's foreign investment framework would likely shut Chinese buyers out of sectors such as telecoms, defence and critical minerals that are considered sensitive to national security.