Movement Alert|CATL Falls 3.15% in Regular Trading, Plans to Reduce Stake in Hunan Yuneng by Up to 3%

Market Focus09:56

On June 4, CATL (03750.HK) fell 3.15% in regular trading, trading at HKD 757.5/share, with trading volume of HKD 670 million.

On the news front, CATL announced on the evening of June 3 that it plans to reduce its holdings in Hunan Yuneng (301358.SZ) by up to 25.3 million shares (3% of total share capital) within the next three months via centralized bidding and block trades. If fully executed, the divestment could exceed RMB 2 billion. CATL first invested in Hunan Yuneng through a capital increase in December 2020, accumulating unrealized gains of over 23 times. The company stated the reduction is based on normal investment arrangements and capital management needs, and will not affect bilateral business cooperation.

Additionally, on June 3, CATL's A-share saw institutional net selling of RMB 6.4 million in block trades, adding short-term pressure on market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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