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CATL Reportedly Weighing HK Share Placement to Raise Up to USD5B
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CATL (03750.HK) is weighing share sale in Hong Kong to raise up to USD5 billion, Bloomberg reported, citing people with the knowledge of the matter. However, the deliberations are still ongoing and no final decision has been made. CATL held preliminary discussions with banks regarding the potential placement, sources divulged. The company is also considering issuing convertible bonds to meet part of its financing needs. If the fundraising scale reaches USD5 billion, it could exceed MIDEA GROUP (00300.HK)'s USD4.6 billion listing size and become the largest equity issuance in Hong Kong since KUAISHOU-W (01024.HK) raised USD6.2 billion in early 2021. Auto-translated by AI AASTOCKS Financial News |
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