CATL Share Placement Reportedly Joined by Norges Bank Investment Management and Others
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CATL conducted a share placement at a 7% discount, raising HKD39.11 billion. Institutions such as Norges Bank Investment Management and Millennium Management participated, with hedge funds being the primary subscribers. Over 150 investors were involved, including sovereign wealth funds and existing shareholders. The stock saw a slight decline of 0.238% with significant short selling activity reported.
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