Chinese electric-vehicle battery maker CATL said it would raise at least $4bn in what is set to be Hong Kong’s biggest share sale this year.
The company’s shares will be priced this week and start trading on May 20, according to a prospectus filed with the Hong Kong stock exchange on Monday.
Chinese oil company Sinopec, the Kuwait Investment Authority sovereign wealth fund and Asian investment firm Hillhouse Capital are leading a group of more than 20 cornerstone investors, which also include insurer Taikang Life and Chinese local government funds.
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