LEAP - 307065

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  • Reuters

    BRIEF-Leap Holdings Group Announces Disposal Of Shares By Substantial Shareholders

    April 26 (Reuters) - Leap Holdings Group Ltd: * EACH OF THRIVING MARKET LIMITED AND REN YUNAN TO SELL 614.9 MILLION,148.8 MILLION SHARES OF COMPANY TO NUMBER OF PURCHASERS Source text for Eikon: Further ...

  • Reuters

    Chinese EV start-up Leap Motor seeks to raise $372 million in growth push - sources

    Electric vehicle start-up Leap Motor, co-founded by surveillance equipment maker Dahua Technology, is seeking to raise 2.5 billion yuan ($372 million) in its latest funding round to finance growth, three people with knowledge of the matter said. The Chinese company, backed by state-owned Shanghai Electric Group Corp and venture firm Sequoia Capital China, is targeting a valuation of about 10-11 billion yuan ($1.49-1.64 billion) prior to the funding round, said two of the people. The third person said Leap Motor is aiming for a valuation of $2 billion, and plans to formally launch the fundraising next month and close it in the third quarter of the year.