CATL share sale’s tightening discount shows China tech momentum

Published Tue, Apr 21, 2026 · 03:02 PM

[HONG KONG] Contemporary Amperex Technology’s (CATL) latest share sale – priced at a 5.1 per cent discount – was more than twice subscribed. That underscores strong investor appetite for the stock even after the battery maker’s 20 per cent rally this year.

The inquiry‑based sale of 58 million shares, or 1.27 per cent of CATL’s total shares, was priced at 410.34 yuan apiece on Monday (Apr 20) following bids from 50 institutional investors, according to a filing with the Shenzhen Stock Exchange. That compares with a 6.9 per cent discount in a similar transaction in November.

CATL shares surged as much as 6.1 per cent to a record in Hong Kong and traded as much as 3.6 per cent higher in Shenzhen following the announcement of the details of the deal worth 23.8 billion yuan (S$4.4 billion).

China’s technology and battery stocks have been on a blistering rally, with the ChiNext Index up 87 per cent over the past year and recently reaching an 11-year high. Energy storage stocks have gained momentum recently as geopolitical tensions in the Middle East drove a jump in oil prices.

Some companies in the industry are riding the frenzy to strong share sales in Hong Kong, including sizzling debuts by companies such as Nvidia supplier Victory Giant Technology Huizhou, energy storage equipment maker Sigenergy Technology and robotics software unicorn Manycore Tech.

Compared with other transactions, CATL’s latest sale attracted relatively strong interest. A large shareholder in Sharetronic Data Technology earlier sold shares at a 24 per cent discount, despite the offering also being more than twice oversubscribed. Meanwhile, 12 million shares is changing hands in Beijing Compass Technology Development at a 14 per cent discount, according to a filing.

SEE ALSO

CATL’s share of the global market for lithium-ion batteries for energy storage systems remained unchanged at 30% last year.

Navigate Asia in
a new global order

Get the insights delivered to your inbox.

Inquiry‑based stake transfers usually carry a six‑month lock‑up, meaning that investors who participated in the previous sale will be free to exit their positions next month. Such transfers are a channel structure often used onshore by early investors to reduce holdings without adding pressure to the secondary market.

“These inquiry‑based stake transfers are fully market‑driven and offer a clear read on investor sentiment, with discounts varying widely,” said Du Kejun, a fund manager at Shandong Camel Asset Management. “For an industry leader like CATL, the narrow discount reflects institutional confidence six months out, while the strengthening premium in Hong Kong underpins the view that there is room to run.” BLOOMBERG

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Source link

Visited 2 times, 2 visit(s) today

Related Article

US President Donald Trump referred to India, led by PM Modi, a 'hellhole'. (PTI)

Iran defends India, China after Trump’s ‘hellhole’ post| India News

Iran on Thursday called India and China “cradles of civilisation” after US President Donald Trump shared the transcript of a talk show, which referred to the two Asian countries as “hellholes.” US President Donald Trump referred to India, led by PM Modi, a ‘hellhole’. (PTI) “China and India are the cradles of civilisation,” the Iranian

US President Donald Trump has long argued against the birthright citizenship in US. (File Photo/AFP)

‘China, India or some other hellhole’: Trump shares post on US birthright citizenship

US President Donald Trump on Thursday posted a transcript of a conservative political talk show hosted by Michael Savage, which referred to India, China, and other nations as “hellholes”—places from where people come to Washington in their ninth month of pregnancy and instantly become US citizens. US President Donald Trump has long argued against the

ET logo

China teases new aircraft carrier in video, vows to build up islands

Beijing: China teased in a video an aircraft carrier that could be its fourth, and the ​first using nuclear power, while vowing to further build up its islands, as it looks to boost maritime power, secure resources and bolster territorial claims. The video issued on the eve of the 77th founding anniversary of the Chinese

‘China, India or some other hellhole ... ’: Trump reshares anti-immigrant rant as approval rating dips

Donald Trump: ‘China, India or some other hellhole … ’: Trump reshares anti-immigrant rant as approval rating dips

US President Donald Trump early Thursday reshared an anti-immigrant post on his Truth Social platform as fresh polling suggests his approval ratings are slipping ahead of the midterm elections. The lengthy post, originally from a right-wing commentator, rails against immigration and legal protections for those born in the United States. It claims that current interpretations

China-US Photo: VCG

AmCham report shows US firms in China demonstrate resilience, confidence in the market; expert attributes it to complementarity in industries and technology in trade ties

China-US Photo: VCG Despite global economic headwinds and heightened geopolitical risks, American companies in China continue to demonstrate remarkable resilience and confidence in the market. Half of the surveyed US companies still rank China among their top three global investment destinations, while 79 percent of respondents hold a positive or neutral outlook on the future

SHREVEPORT, LOUISIANA - APRIL 20: Children huddle to pray during a memorial gathering on April 20, 2026 in Shreveport, Louisiana. Eight children were killed and two women were wounded during a domestic violence incident in the early morning hours of April 19th, according to local authorities. (Photo by Brandon Bell/Getty Images)

China Urges US to Abide by One-China Principle After Taiwan Flight Permit Criticism

BEIJING, April 23 (Reuters) – ⁠China’s ⁠foreign ministry ⁠on Thursday urged the ​United States to abide ‌by the one-China principle ‌after the ⁠U.S. ⁠criticised Chinese pressure on some African countries ​to revoke overflight clearances for Taiwan’s president. Taiwan this ​week said the Seychelles, Mauritius ⁠and ⁠Madagascar unilaterally revoked ⁠flight ​permits for its presidential aircraft to

SHREVEPORT, LOUISIANA - APRIL 20: Children huddle to pray during a memorial gathering on April 20, 2026 in Shreveport, Louisiana. Eight children were killed and two women were wounded during a domestic violence incident in the early morning hours of April 19th, according to local authorities. (Photo by Brandon Bell/Getty Images)

Taiwan Minister Makes Rare Visit to South China Sea Island for Drills

TAIPEI, April 23 (Reuters) – Taiwan’s minister in charge of the ⁠coast ⁠guard has made a rare visit ⁠to a Taiwan-controlled island in the South China Sea for exercises, including practising ​the armed boarding of a suspicious ship. Taiwan and China claim sovereignty over most of the South China Sea, and ‌Taiwan has control of

Ambassador Xiao Junzheng

Innovation as an engine: Driving Chinese modernization and China-Israel tech cooperat

In this season of blooming flowers, I sincerely invite friends from Israel to come to China and experience the atmosphere of technological innovation here in person. You will travel between cities aboard a comfortable and clean high-speed train running at 350 kilometers per hour. Looking outside the window, drones are precisely applying fertilizer in the

Explained: Why China’s AI computing power looks 6,000x bigger

China Ai Computing Power: Explained: Why China’s AI computing power looks 6,000x bigger

China has reported a massive leap in its domestic artificial intelligence (AI) computing power, with official figures suggesting capacity far beyond what is reflected in global benchmarks, raising questions about a potential “dark pool” of hidden compute.According to China’s ministry of industry and information technology (MIIT), the country has reached 1,882 exaflops — or 1,882

What 'Ethnic Unity' laws mean for China

What ‘Ethnic Unity’ laws mean for China

China (MNN) — On March 12th, China’s National People’s Congress passed a law promoting ethnic unity and progress that will go into effect on July 1st. Kurt Rovenstine with Bibles for China says the Communist Party’s goal is to keep the peace. “Their goal is for there to be harmony and unity within China, and

Online food platforms fined in China

Online food platforms fined in China

Published: April 23, 2026, 12:01 am Chinese authorities have issued penalties against seven e-commerce platforms for violations including food safety. The State Administration for Market Regulation (SAMR) imposed fines for a series of “ghost kitchen” food delivery cases. Citing the food safety and e-commerce laws of China, SAMR ordered the platforms to correct their illegal

Beijing InfoComm China 2026 Defies Economic Headwinds with over 300 Key Exhibitors and Brands with World-wide Footprints Converging to Map AI-Driven AV Transformation Amid Market Consolidation

BEIJING, April 23, 2026 /PRNewswire/ — Beijing InfoComm China 2026 concluded at China National Convention Center (CNCC), marking a 20-year milestone as Asia’s most influential Professional Audio-Visual (Pro AV) and integrated experience platform. This year’s edition reinforced the show’s position as a critical gateway to China’s rapidly evolving digital economy and the broader APAC market

At least one Chinese company boss thinks a Trump summit in China would help to break the ice between Beijing and Washington

Sellers in China trade hub seek tariff reprieve from Trump visit

Factories in Guangdong province, China’s production heartland, have borne the brunt of the president’s mercurial policies and a blistering trade war that saw US levies on their goods reach an eyewatering 145 percent for many products. The tit-for-tat escalation cooled off after Trump and Chinese counterpart Xi Jinping agreed to a one-year truce in October,

China Conducts Military Drills in Western Pacific

China Conducts Military Drills in Western Pacific

Newsfrom Japan Apr 23, 2026 09:27 (JST) Beijing, April 23 (Jiji Press)–A flotilla of Chinese warships has conducted naval drills in the western Pacific, apparently in a move countering a Japanese destroyer’s recent passage through the Taiwan Strait. A spokesperson for the Chinese military’s Eastern Theater Command, which is in charge of areas around Taiwan,

US Burning Through Weapons in Iran It Needs for China War

The US has been using critical munitions at such a high rate against Iran that it could face risk in a future war — especially with China, defense experts warned. Loading audio narration… US forces “heavily used” seven key munitions in the 39 days of its air and missile campaign against Iran before a fragile

A greenhouse featuring vertical farming systems growing several small green plants.

China’s Greenhouse Tech Is Revolutionizing Farming

4045/Shutterstock According to NASA, greenhouses cover more than 5,000 square miles worldwide as of 2024. That’s about a 43-fold increase over the 116 square miles of greenhouses that existed in 1987. Much of that boom occurred in China, which is now home to most of the world’s

is China preparing to invade Taiwan? (Video)

is China preparing to invade Taiwan? (Video)

Home » Videos » is China preparing to invade Taiwan? (Video) Posted By: Social News XYZ April 22, 2026 Eyck Freymann, a Hoover Fellow at Stanford University, joins CBS News with more on his warnings about China potentially entering a conflict in Taiwan. Freymann recently wrote about his research for The Free Press, a Paramount

Google logo on a black background next to text reading 'Click to follow TechRadar'

China’s massive trade-in program is driving billions in sales while reshaping how consumers upgrade electronics and appliances at scale

China’s trade-in program generated 502.94 billion yuan (~$74 billion) in sales Nearly 70 million purchases were supported through subsidy-driven incentives Digital products accounted for the largest share of units sold China has released new figures for its government-backed consumer goods trade-in initiative, and the numbers are substantial. According to the Ministry of Commerce, as of

share

Technology in China | AnewZ

China’s software and information technology services industry is on track to exceed 20 trillion yuan (around $2.9 trillion), underscoring the country’s rapid digital expansion and growing influence in the global technology sector. The industry has expanded rapidly in recent years, with annual revenues already surpassing 15 trillion yuan. This growth is being driven by strong

China’s Nuclear Arsenal Surpasses 600 ICBM Warheads, Closing Gap With US and Russia

China’s New Type 076 Amphibious Assault Ship, Sichuan, Sets Sail for Sea Trials — UNITED24 Media

China’s new Type 076 “drone-carrier” amphibious assault ship, the Sichuan, is sailing to the South China Sea for sea trials, South China Morning Post reported on April 22. The deployment coincides with joint military exercises in the same waters involving the US, the Philippines, Japan, and other allied nations. We bring you stories from the ground. Your support keeps our

0
Would love your thoughts, please comment.x
()
x