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CATL Ebbs 2% as David Webb Warns of Low Circulation of H-Shrs
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CATL (03750.HK), on recent debut, saw independent stock analyst David Webb's warning that the circulation of CATL's H-shares are too low.

Even if the over-allotment option is exercised, the company's H-shares will amount to 155.9 million shares, representing 3.42% of the company's total share capital. Among these, 77.455 million shares are locked until November 19, 2025, leaving an actual free float of 78.46 million shares. The top 25 H-share shareholders collectively hold nearly 70% of the company's H-share stock.

Related NewsMacquarie Initiates Outperform Rating on CATL's H-Shrs w/ TP HKD360
CATL opened 1.01% higher today but then ebbed back, last trading at HKD330, down 2.19%, with a turnover of 3.9705 million shares, involving HKD1.317 billion.
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