CATL to Raise HK$39.19 Billion Through H-Share Placement

CATL has announced plans to raise approximately HK$39.19 billion by issuing 62,385,000 new H-shares at a price of HK$628.20 each. According to NS3.AI, the company expects net proceeds of around HK$39.11 billion after accounting for associated costs. CATL intends to allocate these funds towards global new energy projects, zero-carbon business initiatives, research and development, working capital, and other general corporate purposes.