CATL raises HK$39.1 billion via completion of major H-share placement
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The latest update is out from Contemporary Amperex Technology Co., Limited Class H ( (HK:3750) ).
Contemporary Amperex Technology Co., Limited has completed a major placement of new H shares in Hong Kong, underscoring its continued push to deepen access to international capital. The transaction reflects strong institutional appetite for the company’s stock, with all new shares placed to independent third-party investors and no single placee emerging as a substantial shareholder.
The company issued 62,385,000 new H shares at HK$628.20 each, raising gross proceeds of about HK$39.19 billion and net proceeds of roughly HK$39.12 billion. Following the placement, H shares now account for 4.72% of the enlarged share capital, modestly increasing the company’s free float while leaving the A-share base unchanged and further diversifying its shareholder structure.
The most recent analyst rating on (HK:3750) stock is a Buy with a HK$820.00 price target. To see the full list of analyst forecasts on Contemporary Amperex Technology Co., Limited Class H stock, see the HK:3750 Stock Forecast page.
More about Contemporary Amperex Technology Co., Limited Class H
Contemporary Amperex Technology Co., Limited is a Chinese joint stock company listed in Hong Kong that operates in the battery and energy storage sector. Its primary focus is on manufacturing advanced power and energy storage battery products, serving global electric vehicle and clean energy markets, where it is regarded as a leading supplier.
Average Trading Volume: 3,436,163
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$2349B
Learn more about 3750 stock on TipRanks’ Stock Analysis page.
