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<IPO>New Energy Material Supplier CNGR Purportedly Planning US$400-500M HK IPO
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New energy material supplier CNGR (300919.SZ) recently announced its plan to list on the main board of the Hong Kong Stock Exchange. This listing plan aims to advance CNGR's global strategic deployment, forge an international capital operation platform, facilitate global industrial layout, and expedite the construction of a dual circulation pattern domestically and internationally. CNGR is currently collaborating with Huatai Securities and Morgan Stanley on its IPO in Hong Kong, and it intends to raise US$400-500 million, according to sources quoted by Bloomberg. CNGR is a battery material supplier to companies such as Tesla (TSLA.US) and CATL (300750.SZ). AAStocks Financial News |
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