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CATL turns to HK exchange to fund global expansion

CATL has indicated that funds will be used in part to fund a battery plant in Hungary. By Stewart Burnett

Chinese battery manufacturing giant CATL announced on 25 March that it has received approval from Chinese regulators for what is expected to be Hong Kong’s largest share sale in four years. Up to 220 million shares are expected to be listed on the city’s exchange, and could raise over US$5bn according to Reuters’ sources.

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