CATL plans to issue H-shs. Media indicate a raise of US$5bn or more. Fast entry to global indices and FXI is a given. Inclusion in HSI and HSCEI will take longer. Keep an eye on the OFAC NS-CMIC list.
What is covered in the Full Insight:
Introduction to CATL's H-share Listing
Implication of U.S. Designation as a Military Company
H-share Discount and Pricing Analysis
Timeline and Process for Listing
Index Inclusion Prospects and Implications
Boomeranged on Wed, 12 Feb 2025 01:59
CATL has filed its Application Proof with the HKEX for an H-share listing (https://www1.hkexnews.hk/app/sehk/2025/107127/documents/sehk25021100743.pdf). There is no mention of the amount to be raised, but media still reports around US$5bn. The index implications remain the same and there will be a deletion from the FXI ETF to make way for CATL.
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