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CATL H-shrs Open 2% Lower on Eve of Lock-up Expiry on Huang Shilin's Plan to Transfer 45.6M+ A-shrs
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CATL (03750.HK)'s co-founder and shareholder, Huang Shilin, planned to transfer nearly 45.6324 million CATL's A-shares (300750.SH) due to personal financial needs and other factors, accounting for 1% of the Company's total share capital, as announced by CATL. Based on CATL A-shares' closing price of RMB404.12 as of last Friday, the proposed sale involves approx. RMB18.445 billion. As of 13 November, Huang held a total of 466 million CATL's A-shares, representing 10.21% of the Company's total share capital. This inquiry transfer shall not be conducted by way of centralized price bidding or block trading, and does not constitute a reduction of shareholdings via the secondary market. The shares may not be transferred within six months of the transfer. CATL's H-shares have been listed for nearly six months, and the lock-up period for cornerstone investors holding nearly 50% of its issued H-shares will expire this Wednesday (19th). This morning (17th), CATL's H-shares opened 2.03% lower at $531, with a pre-market trading volume of 57,000 shares, involving $30.2648 million. CATL's A-shares opened 4% lower at RMB388. AASTOCKS Financial News Website: www.aastocks.com |
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