Visitors learn about power batteries used on new-energy vehicles during the EV & ES Battery-Empowered Green and Low-carbon Travel Exhibition of the 2022 World EV & ES Battery Conference in Yibin, southwest China's Sichuan Province, July 21, 2022. (Xinhua/Wang Xi)
BEIJING, Feb 17 (Xinhua) -- Chinese battery maker Zhejiang Hangke Technology Incorporated Company (Hanke Technology) announced that it had placed 1262.57 global depository receipts (GDRs) at an offer price of 13.69 U.S. dollars per GDR, according to Shanghai Securities News on Friday.
Besides, the company will list the GDRs on the Zurich-based SIX Swiss Exchange on Feb. 22, in line with the regulations of the bourse and the international practices.
Hangke were among the first batch to be listed on China's Nasdaq-style sci-tech innovation board (also known as the STAR market on the Shanghai Stock Exchange) and also represented the board's first mover in issuing and listing GDRs on the Swiss Exchange.
With this move, the company will expand its presence in the overseas market by building overseas factories, deepening cooperation with international partners, and increasing brand awareness overseas. Meanwhile, it will enhance research and development (R&D), production and sales of its Li-ion power cells.
Located in Hangzhou in east China's Zhejiang Province, Hanke Technology is a leading provider of Li-ion cell post-processing systems and provides products for renowned enterprises such as Samsung SDI, LG Chem, Sony (Murakata), CATL and BYD.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
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