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CATL looking to gain billions by floating new shares

China’s battery giant CATL is looking to collect billions on the stock market. According to Bloomberg News, the company has kicked off a private placement that could raise about 45 billion yuan ($6.7Bn; €6.4Bn). The fresh capital is to finance expansion and R&D. According to Bloomberg, CATL has set a floor price of 339.67 yuan […] More…

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