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Sinopec (Hong Kong) Sells Stake in CATL for ~USD768.5M Cash: Report
Recommend 13 Positive 22 Negative 17 |
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Sinopec (Hong Kong) sold 8.5 million CATL (03750.HK) H-shares at HKD708 per share, a discount of about 3.8% to yesterday's (21st) closing price of HKD736, Reuters reported. The deal raised around USD768.5 million (about HKD6.021 billion). As the offering was entirely secondary, CATL didn't receive any proceeds from the deal. Sinopec (Hong Kong) has agreed to a 90-day lock-up period on its remaining stake in CATL. Auto-translated by AI AASTOCKS Financial News |
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