Reported about 7 hours ago
Chinese battery-component manufacturer CNGR Advanced Material Co. is collaborating with Huatai Securities and Morgan Stanley for a planned Hong Kong listing, aiming to raise between $400 million and $500 million. This move follows a trend of mainland firms seeking to sell shares in Hong Kong amidst tighter regulations at home. CNGR, which supplies major companies like Tesla and Samsung, listed on the Shenzhen stock exchange in December 2020 and is looking to enhance its global presence.
Source: YAHOO