CATL sets share transfer price, attracting strong institutional interest

Contemporary Amperex Technology Co., Limited (CATL) has announced an indicative pricing of 376.12 yuan per share for its shareholder inquiry-based transfer. This non-public transfer, which bypasses centralized trading and block transactions, saw strong interest from institutional investors, with shares received subject to a six-month lock-up period.

The transfer attracted 55 valid bids from various professional institutional investors, including fund management companies, qualified foreign institutional investors, insurance companies, securities companies, and private equity firms. The total valid subscription volume reached 146,500,000 shares, representing an oversubscription rate of 3.2 times the offered amount.

The proposed transfer of shares has been fully subscribed, with 16 institutional investors provisionally set to acquire a total of 45,632,363 shares. CATL clarified that this transfer will not alter the company's control or governance structure and will not affect its ongoing operations. The final allocation remains subject to confirmation by the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch.