Tesla Supplier CNGR Said to Target $500 Million in Hong Kong Listing
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Chinese battery-component producer CNGR Advanced Material Co. is working with Huatai Securities Co. and Morgan Stanley on its planned Hong Kong listing, according to people familiar with the matter.
The company could raise $400 million to $500 million in the share sale, the people said, asking not to be identified because the information isn’t public. Details of the potential offering are still under discussion, they added.