SYDNEY: Chinese battery giant CATL plans to file a Hong Kong listing application this week to raise at least US$5bil, according to sources.
CATL did not immediately respond to a request for comment from Reuters.
A listing of the Shenzhen-listed firm, the largest battery maker in the world, would be the one of the biggest listings in Hong Kong in the past three years.
The city’s equity capital markets have languished during that time as a result of Chinese regulators slowing down the approval process and volatile global financial markets. — Reuters
