02
Nov
08:03
Chinese regulator approves Chengxin Lithium's CNY 2.3 billion private placement
Shenzhen-listed manufacturer Chengxin Lithium Group announced that China Securities Regulatory Commission has approved its plan of non-public offering of series A shares, to raise up to CNY 2.3 billion ($316.26 million).
The funds will be used for working capital supplement and paying debt, the company has previously said. Chinese leading automaker BYD will be the only subscriber of this private placement. BYD is a related party of Chengxin Lithium, Kallanis…
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