EV Battery Giant Eyes $4 Billion in Hong Kong Share Issue ...Middle East

OILPRICE - Economy
EV Battery Giant Eyes $4 Billion in Hong Kong Share Issue
source : OILPRICE ( Middle East ) () 38
China’s CATL, the world’s largest electric vehicle battery maker is scheduled to issue new shares on the Hong Kong stock exchange, eyeing proceeds of as much as $4 billion. This will make its issue the largest this year in Hong Kong, the Financial Times reported, citing a prospectus filed with the stock exchange. The investors that have already signed up for stock from the issue include China’s oil major CNOOC, the Kuwait Investment Authority, and investment firm Hillhouse Capital.  The offering could fetch more than $5 billion,…

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