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CATL Plans HK$39.19 Billion H-Share Placement in Hong Kong
CATL plans to raise about HK$39.19 billion through a new H-share placement of 62,385,000 shares at HK$628.20 each. CATL estimated net proceeds of about HK$39.11 billion after costs. CATL said it will use the funds for global new energy projects, zero-carbon business deployment, R&D, working capital, and other general corporate purposes.