Gotion High-Tech Plans Private Share Placement to Raise Up to 5 Billion Yuan for Battery Projects

Stock News02-05

Gotion High-Tech Co.,Ltd. (002074.SZ) has disclosed a plan for a private placement of A-shares to specific investors in 2026. The company intends to issue shares to no more than 35 designated recipients. The issuance price will be set at no less than 80% of the average trading price of the company's A-shares over the 20 trading days preceding the pricing benchmark date. The total number of shares to be issued will not exceed 272 million. The total funds raised from this private placement are capped at 5 billion yuan. After deducting issuance expenses, the entire net proceeds are planned to be allocated to the following purposes: an annual 20GWh power battery project, a 20GWh new energy battery base project, a new lithium-ion battery (20GWh) smart manufacturing base project, and supplementing working capital.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment