CATL just announces a plan to invest up to 19B Yuan ($3.77B) within next 12 months in high quality listed companies in the domestic and overseas to ensure their future supply.
The proposed investment includes share subscription, buying on market etc. On the evening of April 27, CATL issued an announcement on the Shenzhen Stock Exchange stating that the company held the 28th meeting of the second board of directors on April 26, 2021, and reviewed and approved the "Proposal on the Development of Domestic and Foreign Industrial Chain Related Investments.
"In order to meet the long-term development needs of the company’s business, promote the strategic layout of globalization, and ensure the supply of key resources in the industry, the company plans to focus on its main business and invest in high-quality listed companies in the domestic and foreign industrial chain by means of securities investment, with a total investment of no more than 19 billion yuan RMB or equivalent currency, the effective period is effective within 12 months from the date of approval by the board of directors.
CATL stated that with the advancement of global energy transformation and upgrading, and the continuous increase in carbon emission requirements, the new energy vehicle and energy storage industries have developed rapidly in recent years, but the industry chain still has shortcomings such as imperfect supporting facilities and insufficient supply of key resources, unable to meet market demand and may restrict the long-term development of the industry.
CATL stated that for long-term strategic development considerations, the company plans to focus on its main business and further strengthen industry chain cooperation and coordination through investment in high-quality listed companies in the industry chain, improve resource utilization and output efficiency, and enhance the company's market competitiveness.
- Forums
- ASX - By Stock
- PLS
- Good News & Bad News
Good News & Bad News, page-619
-
- There are more pages in this discussion • 44,917 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.97 |
Change
-0.030(1.00%) |
Mkt cap ! $8.912B |
Open | High | Low | Value | Volume |
$2.99 | $2.99 | $2.93 | $9.485M | 3.197M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 39733 | $2.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.97 | 190663 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 512981 | 2.930 |
36 | 400689 | 2.920 |
21 | 173150 | 2.910 |
57 | 307119 | 2.900 |
12 | 71405 | 2.890 |
Price($) | Vol. | No. |
---|---|---|
2.940 | 63697 | 25 |
2.950 | 110012 | 26 |
2.960 | 239365 | 20 |
2.970 | 378473 | 19 |
2.980 | 109024 | 13 |
Last trade - 10.48am 29/08/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online