GEM (SHE:002340) submitted its application documents for its listing on the Hong Kong Stock Exchange, according to a Tuesday filing with the Shenzhen bourse.
The battery recycling company will use the proceeds from its planned share offering to boost its recycling capabilities in Jingmen, China, and enhance its global research and development, according to documents submitted to the Hong Kong bourse Monday.
GEM will also use the proceeds to expand its sales, marketing, and customer service networks in Indonesia, Japan, and South Korea and the rest of East and Southeast Asia; for mergers and acquisitions; and for working capital.
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