CATL plans to raise over HK$39 billion through a new H-share placement.

CATL (03750.HK) announced on the Hong Kong Stock Exchange that on April 28, the company entered into a placing agreement with the placing agent, pursuant to which the placing agent conditionally agreed to act as the company's placing agent to procure not less than six placees (whose ultimate beneficial owners will be independent third parties) to subscribe for 62,385,000 placing shares at a placing price of HK$628.20 per placing share. The gross proceeds from the placing are approximately HK$39.19 billion, and the net proceeds from the placing (after deducting the placing commission and other related costs and expenses) are estimated to be approximately HK$39.11 billion. The net proceeds from this placing will be used for the construction of global new energy projects and the layout of zero-carbon business, R&D investment, supplementing working capital and other general corporate purposes. (Jinshi)