CATL Prices $5 Billion HK Share Placement at Low End of Range - Bloomberg.com

CATL Prices $5 Billion HK Share Placement at Low End of Range  Bloomberg.com

World’s biggest battery maker to raise $5bn in ‘opportunistic’ share placement

China’s CATL rides surge in foreign investor interest in renewable energy stocks since outbreak of war in Iran

Ashes and memories: one family’s return to the site of Hong Kong’s worst fire in decades

Yip Shun-Ting Carbon returns for the first time to his apartment to salvage belongings after last year’s fire that killed 168 people, including his mother The Yip family once imagined moving to a country house, all three generations under the same roof, with their own vegetable garden and away from Hong Kong’s dense high-rises. A devastating fire, Hong Kong’s worst since 1948, took that future from them, leaving behind little but rubble and blackened walls. “Whatever we can retrieve is a bonu...

By Selina Cheng in Hong Kong. Photography by Fung Hoi Kin

CATL plunges more than 8% as the Chinese battery maker unveils $5 billion share placement

Shares of Contemporary Amperex Technology (CATL) declined 8.5% after the EV battery giant unveiled plans for a roughly $5 billion equity placement in Hong Kong.

Hong Kong Disneyland profit drops 36% to HK$536 million as costs rise, visitors fall

Hong Kong Disneyland Resort posted a 36 per cent drop in net profit to HK$536 million (US$68 million) last year, due to higher costs, increased outbound travel by Hongkongers and weather disruptions. The Lantau Island theme park on Tuesday reported its results for the financial year ending last September, with revenue down 1.35 per cent year on year to HK$8.69 billion and visitor numbers falling 2.5 per cent to 7.5 million, from a record 7.7 million in 2023-24. Tim Sypko, the park’s managing...

By Denise Tsang

Chinese EV battery maker CATL falls 8% after $5B fundraising plan

Hong Kong anti-graft watchdog charges 2 men for inciting election boycott, blank votes in ‘patriots only’ legislative polls

Hong Kong’s anti-corruption watchdog has charged two men accused of urging others on social media to boycott and cast blank votes in last year’s legislative elections. The Independent Commission Against Corruption (ICAC), which oversees Hong Kong’s election legislation, said in a Monday statement that the two men, aged 38 and 63, were charged with alleged […]

By James Lee