Leapmotor Secures Regulatory Nod for Private Placement, Strategic Investments From FAW Equity and Jinyi High-Tech Confirmed

Deep News09-16

Leapmotor has announced receiving formal approval from the China Securities Regulatory Commission (CSRC) for its private placement, marking a significant milestone for the electric vehicle maker.

The company revealed in a statement that the CSRC has officially cleared its registration application to issue domestic shares to FAW Equity and Jinyi High-Tech, with total proceeds from the placement reaching approximately 6.744 billion yuan.

This regulatory approval brings the private placement to a close after a thorough review process, successfully securing strategic backing from both industrial and state-owned investors, which helps alleviate previous market uncertainties surrounding the deal.

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