The plan to go public in the Swiss Exchange in the Ningde Times of Global Power Battery and raise at least 5 billion US dollars (S $ 6.7 billion) funds may have been postponed.
Comprehensive Reuters and Surging News reported that the Ningde Times planned to be listed in Switzerland through the issuance of global deposit vouchers (GDR) in May 2023.As of the afternoon of Thursday (March 16), the value of the A -share market in the Ningde era was RMB 937.5 billion (Same, S $ 183.1 billion), and the stock price was 383.8 yuan per share.
Reuters on Tuesday (14th) quoted sources reported that the Ningde Times was originally expected to be approved by the Chinese securities regulatory agency by the end of January, but now it seems that this process is longer than expected.
Sources also said that the Ningde era has informed the competent department that the company plans to raise funds for the production capacity expansion plan for the European market, especially to build a battery factory in Hungary.
According to the announcement of the Ningde era last year, the company will invest no more than 7.34 billion euros (S $ 10.5 billion) to build a 100GWH battery plant in Debelson, Hungary.Battery factory.But the current situation shows that the construction of this factory is not smooth.
According to the original plan of Ningde Times, the total construction period of the factory is expected to not exceed 64 months. Among them, the first plant will start construction within 2022 after receiving the relevant approval.Related information disclosure.
In mid -January of this year, local environmental organizations protested by local environmental organizations to protest the incidents of new factories such as Asian battery companies such as Ningde Times and Samsung SDI.
Surging news reporters have previously learned from the local environmental protection organization that the reason for the protest mainly includes the official approval of these projects without fully communicating with the residents. The project occupies a large number of arable land.The normal life of residents around.In addition, Hungary's energy supply seriously depends on imports. The operation of battery factories will consume a lot of energy, including water resources, and will become its unbearable weight.
According to the latest report by the China -German Radio Station (MDR), after a citizen's voting proposal was rejected by the Debelson City Government, the Hungarian opposition party stated that he would file a legal appeal.
Reuters pointed out that the delay of the listed listing in Switzerland during the Ningde era was mainly due to the regulatory agencies expressed concerns about its large -scale GDR issuance.Sources said that after the Ningde Times raised about 44.9 billion yuan in the Ningde Times in June 2022, it was necessary to raise so many funds to question whether it was raised.
The company said at the time that the income of distribution will be used for expansion and upgrading of China's four major lithium battery production bases, and funds will also be used for research and development.
