World's largest battery manufacturer raises $5B through share sale
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Contemporary Amperex Technology Co. Ltd. (CATL), the world's largest battery manufacturer, has raised a whopping $5 billion through a Hong Kong share placement.
The Chinese company sold its shares at HK$628.20 each, a 7% discount from its last closing price.
The deal is the biggest share offering in Hong Kong this year, and comes amid rising investor confidence as Middle East tensions ease.
The Chinese company sold its shares at HK$628.20 each, a 7% discount from its last closing price.
The deal is the biggest share offering in Hong Kong this year, and comes amid rising investor confidence as Middle East tensions ease.
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