HONG KONG, July 24, 2022 – (ACN Newswire) – – Gotion High-tech Co., Ltd. announced (“Gotion High-tech” or the “Company”) on the evening of July 22nd that the Company had recently acquired the “Company”. Gotion High-tech Co., Ltd.’s initial public offering was approved. of Global Depository Receipts and listing on SIX Swiss Exchange AG” issued by the China Securities Regulatory Commission (“CSRC”). As approved by CSRC, the total number of A shares of the Company represented by the Global Depository Receipts (referred to as hereinafter “GDRs”) to be offered will exceed 249,706,175. According to the conversion ratio determined by the Company, the total number of GDRs to be offered by the Company may not exceed 49,941,235. If the conversion ratio is adjusted, it is possible the number of GDRs issued will be adjusted accordingly. After the completion of this offering, the Company may be listed on the SIX Swiss Exchange AG. The upper limit of the number of GDRs under the period of the Company’s GDRs is consistent with the actual amount of GDRs issued. If the GDRs increase or decrease due to the Company’s bonus policy, share split or merger, or conversion ratio adjustment, the number of GDRs will be capped anna to be adjusted accordingly. Gotion High-tech was revealed for the first time in March. 16 that the Company intends to issue GDRs abroad and list on SIX Swiss Exchange AG. The proceeds of GDRs raised will be used primarily to support the Company’s business expansion, especially to grow its overseas production capacity of battery products and raw materials through investment in fixed assets, acquisition of equity interests or other means, to enhance the Company’s internationalization. footprint. As a leading global and rapidly expanding provider of new energy solutions, cooperation is stria Gotion High-tech has achieved success with several international customers and signed product sales orders, and plans to increase the production capacity of EV batteries and supplements. traditional components in overseas markets such as Europe, North America, and Asia. The Company believes that this GDR issuance will help expand the global market share of its products, promote the diversification of shareholder structure, and continue to contribute to the steady development of the Company.Copyright 2022 ACN Newswire. All rights reserved. © Japan Corporate News, source JCN Press Releases
HONG KONG, July 24, 2022 – (ACN Newswire) – – Gotion High-tech Co., Ltd. announced (“Gotion High-tech” or the “Company”) on the evening of July 22nd that the Company had recently acquired the “Company”. Gotion High-tech Co., Ltd.’s initial public offering was approved. of Global Depository Receipts and listing on SIX Swiss Exchange AG” issued by the China Securities Regulatory Commission (“CSRC”). As approved by CSRC, the total number of A shares of the Company represented by the Global Depository Receipts (referred to as hereinafter “GDRs”) to be offered will exceed 249,706,175. According to the conversion ratio determined by the Company, the total number of GDRs to be offered by the Company may not exceed 49,941,235. If the conversion ratio is adjusted, it is possible the number of GDRs issued will be adjusted accordingly. After the completion of this offering, the Company may be listed on the SIX Swiss Exchange AG. The upper limit of the number of GDRs under the period of the Company’s GDRs is consistent with the actual amount of GDRs issued. If the GDRs increase or decrease due to the Company’s bonus policy, share split or merger, or adjustment of the conversion ratio, the number of GDRs will be capped Adjust sections accordingly.
Gotion High-tech first disclosed on March 16 that the Company plans to issue GDRs overseas and list on SIX Swiss Exchange AG. The proceeds of GDRs raised will be used primarily to support the Company’s business expansion, especially to grow its overseas production capacity of battery products and raw materials through investment in fixed assets, acquisition of equity interests or other means, to enhance the Company’s internationalization. footprint.
As a world-leading and rapidly expanding new energy solution provider, Gotion High-tech has achieved strategic cooperation with several international customers and signed product sales orders, and plans to expand the production capacity of EV batteries and increase supplementary components in overseas markets. such as Europe, North America, and Asia. The Company believes that the issuance of this GDR will help to expand the global market share of its products, promote the diversification of the shareholder structure, and continue to contribute to the steady development of the Company.
Copyright 2022 ACN Newswire. All rights reserved.
© Japan Corporate News, source JCN Press Releases
