Contemporary Amperex Technology Co. Ltd. has received China’s approval to proceed with a potentially blockbuster share sale in Hong Kong.
CATL, as the world’s top electric-vehicle battery maker is known, said Tuesday it had been given the green light from the China Securities Regulatory Commission to issue as many as around 220 million shares, according to a statement. The company could raise at least $5 billion, Bloomberg News reported last month.
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