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CATL Opens 6.7% Lower on Shr Placement at 7% Discount, Raising Net of $39.1B+
Recommend 4 Positive 12 Negative 26 |
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CATL (03750.HK) announced a share placement at a 7% discount. The stock opened 6.74% lower today (28th) at $630, with pre-market trading volume of 719,600 shares, involving $453 million. CATL planned to place 62.385 million new H-shares, representing approx. 28.58% of the number of enlarged H shares and approx. 1.36% of the number of issued shares. The placing price per share is $628.2, representing a discount of about 7% to yesterday's (27th) closing price of $675.5. The net proceeds from the placing are approx. $39.11 billion, which will be used for the construction of global new energy projects and the layout of zero-carbon business, R&D investment, supplementing daily working capital and other general corporate purposes, in order to accelerate the implementation of the global zero-carbon strategy and support long-term sustainable development. Auto-translated by AI AASTOCKS Financial News |
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