The developer will issue 870 million new shares, or 3.6% of the enlarged share capital, at HK$3.25 each, to professional and institutional investors in the share sale

Tesla also said Oracle co-founder Larry Ellison, a friend of chief executive Elon Musk, will not stand for re-election to the electric vehicle manufacturer's board

Since June 1, US shareholders have not had to divest their holdings in Huawei, SMIC and many other banned Chinese companies, but they cannot buy more shares

Vingroup Chairman Pham Nhat Vuong tells company's annual general meeting the conglomerate was prioritising spending on VinFast and gave an aggressive car sales target.

The new rule on foreign investment is among updates to the government's policies related to 31 restricted sectors that take effect on January 1