【New Stock Listing】Zhongwei New Materials (2579) has a subscription entry fee of HKD 7,637, a supplier of battery materials for Tesla, with 11 basis points invested

Zhongwei New Materials is offering shares for subscription from today until November 12, planning to globally issue approximately 104 million H shares, with an entry fee of HKD 7,636.24, and is expected to be listed on November 17. The company has introduced 11 cornerstone investors, collectively subscribing for approximately USD 214 million. The net fundraising amount is expected to reach HKD 3.628 billion, mainly for expanding production, researching and developing new energy battery materials, and working capital. Zhongwei New Materials is a supplier of battery raw materials for Tesla, with a net profit of RMB 735 million in the first half of this year, a year-on-year decrease of 14.83%