CATL Announces Share Placement Agreement in Hong Kong

Contemporary Amperex Technology Co., Limited (CATL) has announced a share placement agreement on the Hong Kong Stock Exchange. According to Odaily, the company has entered into an agreement with placement agents to facilitate the subscription of 62,385,000 shares by at least six independent third-party subscribers. The placement price is set at HKD 628.20 per share. The total proceeds from the placement are approximately HKD 39.19 billion, with net proceeds estimated at HKD 39.11 billion after deducting commissions and related expenses. The funds raised will be allocated to global new energy projects, zero-carbon business development, research and development, and general corporate purposes.