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CATL Shr Placement Reportedly Attracts Participation from Norges Bank Investment Management/ Others
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CATL (03750.HK) conducted a share placement at a 7% discount, with net proceeds of $39.11 billion. Institutions such as hedge-fund firm Millennium Management, Norway's sovereign-wealth fund Norges Bank Investment Management, Jane Street Group and alternative-asset manager Hillhouse Investment participated in the placement, Bloomberg quoted sources as saying. It is reported that the majority of CATL's placement was subscribed by hedge funds, with at least some of the demand driven by traders seeking to cover short positions. Auto-translated by AI AASTOCKS Financial News |
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