Contemporary Amperex Technology or CATL (SHE:300750) obtained the China Securities Regulatory Commission's approval for its plan for a secondary listing in Hong Kong.
The electric vehicle battery maker intends to issue up to 220,169,700 shares, according to a Tuesday filing with the Shenzhen bourse.
CATL could raise at least $5 billion, according to Bloomberg News.
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