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CATL Craters ~4% on Rumors of Sinopec (Hong Kong) Selling 8.5M Shrs at 3.8% Discount
Recommend 11 Positive 10 Negative 9 |
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CATL (03750.HK) opened 2.17% lower today, and bottomed at $705. It last printed at $708, cratering 3.8%, with 9.5014 million shares traded, involving $6.732 billion. Sinopec (Hong Kong) sold 8.5 million H-shares of CATL at $708 per share, representing a discount of about 3.8% to yesterday's (21st) closing price of $736, cashing out approx. $6.02 billion, according to market sources. Auto-translated by AI AASTOCKS Financial News |
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