CATL Raises HK$39.1 Billion in Hong Kong Share Placement
CATL, the world’s biggest battery maker, raised HK$39.1 billion, or about $5 billion, through a Hong Kong share placement of 62.4 million shares priced at HK$628.20 apiece. The proceeds are set to fund global new energy projects, research and development, and working capital.
The placement comes amid a surge in foreign investor interest in renewable energy stocks since the outbreak of war in Iran.
From the sources (3 posts)
@staunovoWorld’s biggest battery maker to raise $5bn in ‘opportunistic’ share placement China’s CATL rides surge in foreign investor interest in renewable energy stocks since outbreak of war in Iran
@diegobloomberg*CATL IS SAID TO PRICE HK SHARE PLACEMENT AT HK$628.20 APIECE
@infoflowfxCATL RAISES HK$39.1B VIA PLACING 62.4M SHARES AT HK$628.20. FUNDS FOR GLOBAL NEW ENERGY PROJECTS. R&D. WORKING CAPITAL.